Gifa Inc (GIFX)

[Themistocles_I]

GIFA ACQUIRED GRANDEX FINANCE ON 1/16/2019

"Gifa Holding acquired (the “Grandex Acquisition”) nearly all of the outstanding capital stock of Grandex Finance Limited, a company domiciled in the Turkish Republic of Northern Cyprus (“Grandex”). The Grandex Acquisition was completed as a cash purchase of the Grandex stock."
https://www.apnews.com/280430c2bd295b6b3ac3407fc84cdb83

Grandex is in the direct lending business of providing payday loans, short term loans, and installment loans generally in the Turkish equivalent of up to $10,000 (U.S.) in the Lefkosa market area. Grandex offers its customers fast loan processing without application fees or late payment fees and with average monthly interest rates of about 30% on outstanding balances. Customers are also offered several repayment options and may be able to qualify for higher loan amounts as well.

The Grandex Acquisition was completed as a cash purchase of the Grandex stock!!!

$GIFX