Fintech
Energy International expands with a stake in Fintech
Energy International Investments Holdings Ltd (HK:0353) has released an update.
Energy International Investments Holdings Ltd announces the strategic acquisition of a 40% stake in a leading credit rating fintech company in the PRC, valued at approximately HK$215 million. The deal involves a mix of cash and promissory notes, along with a put option to resell the stake under certain profit shortfall conditions. This acquisition allows the company to control 28% of the economic interests in the fintech company, expanding its influence in the financial technology sector.
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