It was announced in May last year that the consideration was raised to $125 million, inclusive of an additional consideration of $20 million and another $25 million for the acquisition of iFashion Group.
SINGAPORE (Jan 2): Artivision Technologies has signalled a delay in its plans to acquire a 100% stake in e-payment solutions provider Mobile Credit Payment (MC Payment), as the group is now in discussions to extend the long stop date of its acquisition, which was originally due on Dec 31, 2018.
To recap, Artivision first announced in Nov 2017 that the group intended to transform itself into an e-payment solutions provider with the acquisition, and resultant reverse takeover (RTO), of MC Payment for a base consideration of $80 million.
