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Artivision Technologies in reverse takeover of e-payment solutions provider for at least $80 mil

Fintech

Artivision Technologies in reverse takeover of e-payment solutions provider for at least $80 mil

PC Lee Published on Wed, Nov 01, 2017 / 12:37 PM GMT+8

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SINGAPORE (Oct 31): Artivision Technologies is transforming itself into an electronic payment solutions provider.

The company has signed a conditional and non-binding Heads of Agreement (HOA) to acquire 100% stake in Mobile Credit Payment or MC Payment for a total consideration of not less than $80 million.

If completed, the proposed acquisition will result in a Reverse Takeover (RTO) of Artivision.