The sale includes all of the subsidiaries of Paxys Australia consisting of SmartSalary Pty Ltd, SmartFleet Management Pty Ltd, SeQoya Pty Ltd, PBI Benefit Solutions Pty Ltd and Australian Vehicle Consultants Pty Ltd.
As of 31 December 2011, the consolidated net book value of Paxys Australia is A$34 Million (P1.5 Billion) and constitutes approximately 66% of Paxys' total consolidated net assets.
Paxys will continue to hold investments in the business process outsourcing industry and use the cash generated from the sale for future investment activities and general corporate purposes.
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