RC365 Holding was set up to acquire Hong Kong-focused Regal Crown UK, which had developed payment gateway technology and provides other IT services. The payment gateway is aimed at the Asian market, although there are talks with UK and European merchants that want access to Asian business.
The majority of the cash raised is earmarked for funding potential licence application work. There are also plans to boost marketing and establish a development centre.
The top five shareholders own nea...
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