Corporate digest

Artivision Technologies

VIDEO solutions provider Artivision Technologies is in discussions to extend the Dec 31, 2018 long stop date on its acquisition of electronic payment and online retail business Mobile Credit Payment. The company had said previously that the proposed acquisition would present an opportunity to acquire a new business and enhance value for shareholders. The total consideration for the acquisition includes a base consideration of up to S$80 million for the purchase of sale shares held by the shareholders of MC Payment; an additional consideration of up to S$20 million; and an amount of up to S$25 million in respect to the acquisition of iFashion Group, an online fashion venture platform that MC Payment is in the process of acquiring.

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