SYSCAN Technology Acquires Prepaid Card Business in China

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    • Jan 2009
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    SYSCAN Technology Acquires Prepaid Card Business in China

    (PR-inside.com) SYSCAN Technology Holdings Limited ("SYSCAN Technology"/ the "Group") (SEHK: 8083) issued a circular today relating to the Sale and Purchase Agreement and Placing Agreement involving the acquisition of the entire equity interest in Country Praise Enterprises Limited ("Country Praise"). Country Praise and its subsidiaries are engaged in prepaid card operations, including issuance of the cards in Mainland China and set up sales offices in nine major cities, including Beijing, Shanghai, Shenzhen and Chengdu. Following the acquisition, SYSCAN Technology will be able to tap the prepaid card market in Mainland China, and capture enormous opportunities in the fast growing electronic payment ..

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