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OnCard International Ltd sells 50 pct interest in sino-joint venture company Shanghai Smart Service Company Limited


Monday, 25 Nov 2013 05:16pm EST 

OnCard International Ltd:Enters into agreement with Great Bless Enterprises Limited to sell its 50 pct equity interest in its sino-joint venture company Shanghai Smart Service Company Limited.Says sale consideration is Chinese yuan 300 mln (A$53.2 mln) plus a purchase price adjustment for the SmartPASS profit up to the date on which the transaction completes and an adjustment for any increased capital between the signing date and the completion date. 

Company Quote

0.18
0.0050 +2.86%
3 Jul 2015