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.
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