China-Asia Stocks

[sweet crude]

APYM to acquire -> SMS Biz Sdn. Bhd.

The business alliance agreement calls for: (i) Asia Payments to become the primary distributor for SMSBIZ; and, (ii) the SMSBIZ Shareholders to grant Asia Payments a 3-year option to acquire 100% of their shareholdings in SMSBIZ for a consideration of 5 million restricted common shares issued by Asia Payments; and, conditional upon certain events and undertakings, an additional 2 million restricted common shares upon exercise of the option. The distribution of SMSBIZ products will have an immediate impact on Asia Payments' revenues and will also provide greater synergies arising within Asia Payments' payment processing systems.

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