Upon the RTO of Catalist-listed Artivision Technologies Ltd., MC Payment is set to become the first digital payments service provider listed on SGX.
With digital payments all the rage these days, it pays (pun intended) to take a deep look at this company.
Here are 10 quick things investors should know about MC Payment Limited.
1) RTO Details
According to this notice, the RTO has already gone underway with a 50 to 1 share consolidation and Artivision Tech will be renamed to MC Payment Limited.
The exercise closed at 5.00 p.m. on 15 February 2021 and shall be effective from 9.00 a.m. on the Market Day immediately following the Record Date, being 16 February 2021.
Taking the ‘delisting’ price of S$0.009 into account, the starting post-RTO price of MC Payment should be around S$0.45.
2) About MC Payment
Established in 2005 and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019, MC Payment holds a major payment institution licence.