Artivision Technologies shareholders approve RTO of MC Payment

Artivision will be renamed MC Payment Limited.

Shareholders of Catalist-listed Artivision Technologies Ltd have approved the reverse takeover (RTO) of Mobile Credit Payment Pte. Ltd during an Extraordinary General Meeting (EGM) on 22 January.

The RTO was previously slated on 30 September 2020 but had been postponed for unknown reasons.

The plan, which was announced in May 2018, has Activision giving up 70% stake in the company.

According to MC Payment, the new company is set to become the first listed digital payments services firm on the SGX-ST.

The proposed acquisition of MC Payment is expected to be completed on 18 February.

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