Credit China FinTech to Acquire Havenport Asset Management

April 12, 2017

On March 29, 2017, Credit China FinTech Holdings Ltd. announced it had entered into a non-binding term sheet with Havenport Asset Management Pte Ltd.

Credit China FinTech Holdings Ltd. (“Credit China”) entered into a non-binding term sheet with Havenport Asset Management Pte. Ltd. (“Havenport”). Per the term sheet, Credit China will receive shares representing 51% of Havenport’s share capital. Credit China will pay an aggregate consideration of approximately $25,500,000 to Havenport for the shares.

Havenport is an asset manager. Havenport is incorporated in Singapore and has the requisite licenses to conduct fund management in Singapore.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions