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Global Yellow Pages acquires majority stake in blockchain firm FundPlaces

It will subscribe for new shares amounting to a 50.11% stake

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Published Fri, Dec 29, 2017 · 09:50 PM

Singapore

GLOBAL Yellow Pages (GYP) on Friday said that its subsidiary is looking to acquire a majority stake in proptech company FundPlaces, and that it would do this by subscribing for new shares representing about 50.11 per cent of the company for S$2.004 million.

FundPlaces uses blockchain technology to operate an online platform, which allows investors to invest in the development, financing and ownership of real estate projects globally.

Blockchain

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