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Fintech Asia Limited ( (GB:FINA) ) has shared an update.
Fintech Asia Limited has announced the publication of a prospectus for its proposed acquisition of ICFG Pte. Ltd., marking a significant step in a reverse takeover under UK Financial Conduct Authority rules. This acquisition, valued at 64 pence per share, will transform Fintech Asia’s operations, expanding its reach into microfinance, investment banking, AI, IT services, and real estate development in Central Asia. With the acquisition, the company plans to change its name to ICFG Limited and appoint new executive leadership, highlighting its strategy to leverage ICFG’s scalable business model and advanced information technology to create shareholder value.
More about Fintech Asia Limited
Fintech Asia Limited is a company established to acquire businesses in the financial technology sector, focusing on enhancing the delivery and use of financial services in Asia. It aims to bridge the financial gap between developed and emerging markets through innovative financial solutions, particularly in the microfinance sector.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Learn more about FINA stock on TipRanks’ Stock Analysis page.