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Artivision Technologies enters into reverse takeover to acquire MC Payment

    Published Thu, May 3, 2018 · 09:50 PM

    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.

    artivision technologiesMC Payment

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