Fintech provider TechFinancial, announced that its Board has decided to exercise its option over Cedex Holdings Limited as outlined in the circular from 2019 regarding the company’s investment. TechFinancials will hold 97.3% of Cedex’ issued share capital which amounts to 90.81% on a fully diluted basis.
The Board of the company will continue to search for ways to maximise its investment in Cedex and for opportunities to commercialise its technology. TechFinancials will consider selling all or part of the interest in Cedex to a third party if it benefits the company.
