XML 105 R38.htm IDEA: XBRL DOCUMENT v3.23.2
RESTATEMENT OF FINANCIAL STATEMENTS (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
SCHEDULE OF PREVIOUSLY ISSUED FINANCIAL STATEMENT

   As previously reported   Adjustments   As restated 
Investing Activities               
Cash withdrawn from Trust Account in connection with redemption   -    109,309,854    109,309,854 
Total net cash (used in) provided by investing activities   (580,000)   109,309,854    108,729,854 
Financing Activities               
Redemption of Class A ordinary shares   -    (109,309,854)   (109,309,854)
Total net cash provided by (used in) investing activities   580,000    (109,309,854)   (108,729,854)
Non-cash investing and financing activities               
Redemption of Class A ordinary shares   109,309,854    (109,309,854)   - 
 
Seamless Group Inc [Member]    
SCHEDULE OF PRINCIPAL SUBSIDIARIES  

The Company’s principal subsidiaries at December 31, 2022 are set out below:

        

Percentage of

ownership held by the

Company

 
Company Name  Place of incorporation  Principal activities  Directly   Indirectly 
Dynamic Investment Holdings Limited  Cayman Islands  Investment holding   100%    
Dynamic (Asia) Group Inc.  British Virgin Islands  Investment holding       100%
TNG (Asia) Limited  Hong Kong  Provision of mobile electronic wallet   100%    
Tranglo Sdn. Bhd.  Malaysia  Provision of international airtime reload, international money transfer services, its related implementation, technical and maintenance services       60%
未來網絡科技投資股份有限公司  Taiwan  Investment holding       100%
GEA Holdings Limited  Cayman Islands  Investment holding       100%
GEA Limited  Hong Kong  Operating a global fund transfer platform for financial institutions, e-wallet operators and other participants       100%
GEA Pte Ltd.  Singapore  Transaction and payment processing services       100%
Bagus Fintech Pte. Ltd.  Singapore  Providing business center services       100%
Dynamic (Asia) Holdings Limited  Cayman Islands  Investment holding       100%
Dynamic FinTech Group (HK) Limited  Hong Kong  Provision of corporate governance consultancy, management and advisory services       100%
Tranglo Holdings Limited  Cayman Islands  Investment holding       100%
The WSF Group Holdings Limited  British Virgin Islands  Investment holding       100%
The Wall Street Factory Limited  Hong Kong  Providing business center services       100%
Bagus Financial Services Limited  Hong Kong  Provision of IR services and PR function events       100%

 

 

SEAMLESS GROUP INC. AND SUBSIDIARIES

 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

 

1 Organization and business (Continued)

 

         Percentage of ownership held by the Company 
Company Name  Place of incorporation  Principal activities  Directly   Indirectly 
               
PT Tranglo Indonesia  Indonesia  Operating money remittance business       60%
PT Tranglo Solusindo  Indonesia  Providing and sourcing airtime and other related services       60%
Tranglo (MEA) Limited  Hong Kong  Providing and sourcing airtime and other related services       60%
Tranglo Europe Ltd  United Kingdom  Operating money remittance business       60%
Tranglo Pte. Ltd.  Singapore  Operating money remittance business       60%
Tik FX Malaysia Sdn. Bhd.  Malaysia  Dormant       60%
Treatsup Sdn. Bhd.  Malaysia  Research, development and commercialisation of Treatsup application and provision of implementation, technical services and maintenance related to the application       60%
Dynamic Indonesia Holdings Limited  Cayman Islands  Investment holding       53.6%
Dynamic Indonesia Pte. Ltd.  Singapore  Retail sales via the internet and development of other software and programming activities       45.4%
PT Dynamic Wallet Indonesia  Indonesia  Business operations have not commenced       45.5%
PT Walletku Indompet Indonesia  Indonesia  (i) Retail commerce through media, for textile commodities, clothing, footwear and personal needs, (ii) web portal and/or digital platforms for commercial purposes, and (iii) software publisher       45.5%