Artivision Technologies enters into reverse takeover to acquire MC Payment
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Singapore
VIDEO solutions provider Artivision Technologies is entering into a reverse takeover deal to give up a 70 per cent stake in the company in exchange for e-payment and online retail business, Mobile Credit Payment (MC Payment).
The total consideration includes a base consideration of up to S$80 million for the sale shares held by shareholders of MC Payment; an additional consideration of up to S$20 million; and up to S$25 million in respect to the acquisition of iFashion Group - an online fashion platform that MC Payment is taking over.
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