Artivision in proposed reverse takeover with MC Payment

Singapore

ARTIVISION Technologies Limited has engaged in a proposed acquisition with Mobile Credit Payment Pte Ltd (MC Payment) which could result in a reverse takeover (RTO) of Artivision.

On Tuesday, the Catalist-listed computer video firm and MC Payment, an Asia-Pacific electronic payment solutions provider, jointly announced that the former has proposed to acquire the latter's entire issued and paid-up share capital and convertible bonds from its shareholders and bondholders for a total consideration of at least S$80 million.