IN BRIEF: RC365 Holding narrows interim loss and sells HK subsidiary
25th Nov 2024 11:24
RC365 Holding PLC - London-based provider of remittance and payment services in east and south east Asia - Sells Hong Kong incorporated subsidiary RCPay Ltd for HKD400,000, about GBP40,860, in cash. RC365 says it will continue to provide the same services, including foreign exchange and payment card offerings, via its UK incorporated RCPay Ltd subsidiary. "The divestiture of RCPAY HK provides an opportunity to realise value from the restructuring of the RCPay business while not impacting the group's ability to continue to service its customers and execute on its partnership agreements," says Chief Executive Officer Michael Law. Read More