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Thursday, March 14, 2019 8:00:14 PM
"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
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