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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

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.

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Companies & Markets

Companies & Markets

Global Yellow Pages acquires majority stake in blockchain firm FundPlaces

Companies & Markets

Frasers Property H1 profit slides 81% on property value losses, lower residential contributions

US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties

Barclays cuts jobs in energy transition team it only just built

UMS Holdings Q1 net profit drops 44% to S$9.8 million

SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand

Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share

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