TechFinancials Approves Share Issue to Pay for Optionfortune

TechFinancials (AIM:TECH) said it has received shareholder approval for the issuance of new shares as a means of paying for the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Optionfortune, a Hong Kong-based Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term company. The acquisition is part of TechFinancials’ expansion plans for Asia.

The shares to be used in the transaction should not exceed 6 per cent of TechFinancials’ total issued stock.

The company closed a joint venture deal with Optionfortune last month, according to which the UK-listed company will have a 51 per cent stake in the new entity. Among the stipulations of the deal is also a provision to issue more shares to the owners of Optionfortune, based on the financial performance of the combined entity over the next two years.

TechFinancials’ Chief Executive Officer Asaf Lahav said: “The Board believes that this JV will strengthen the long-term sustainability and consistency of our growth expectations while generating extra cash flow. This JV is in keeping with TechFinancials' IPO strategy to grow our business into new territories and markets, and to expand the Group's presence in the high growth markets, such as the Asia Pacific region."