SYME and TradeFlow are keen to complete the acquisition as soon as practicable.
Supply@ME Capital plc (LON:SYME) said due diligence on its proposed acquisition of TradeFlow Capital Management continues to progress well.
Management is also working on an integration plan for the Supply@ME and TradeFlow inventory funding business models.
The review of the cross-border aspects of TradeFlow s business, its funding structures and inventory in-transit technology are underway, the company told investors in a brief stock market announcement.
TradeFlow is a Singapore-based fintech-powered commodities trade enabler, focused on small and medium-sized enterprises.
The acquisition will give Supply@ME’s platform the ability to offer commodities in-transit and is expected to generate a number of attractive synergy benefits for the company in terms of funding and customer origination.
17 March 2021 | 08:00am
StockMarketWire.com - Fintech group Supply@ME Capital said it had agreed to acquire a commodities trade enabler, focused on small business, based in Singapore, for an undisclosed sum.
The company did not identify the target and said a further announcement would be made on completion of the transaction.
At 8:00am: [LON:SYME] share price was 0p at 0.37p
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