Fintech Asia Ltd is seeking fintech acquisitions. The cash should finance the operating of the company and investigating potential acquisitions for more than one year. Further share issues will be required when any targets are identified, and deals secured.
Management would become involved in any acquisitions and help them to expand globally.
There were no trades reported on the first two days. The current share price is 55.5p (53p/57p). The lack of liquidity is a negative. The estimated cash is equivalent to 6p a share, which does little to underpin the share price.
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