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Wednesday, July 11, 2007 4:36:38 PM
Global has not issued a press release on whether the deal has closed, so it is obviously not official yet. Assuming the deal gets done, then yes, we will own 23% of IEXPay.
They may have not had a PR, but It looks like GVHL does own it
From pinksheets.cm
Business Description:
IEXPAY CHINA is a wholly owned subsidiary of GVHL. Based in Nanchang China (between Beijing and Hong Kong) IEXPAY is a closed loop payment system that works similar to "Pay Pal" or "iKobo". These are commonly known as "open loop" systems. IEXPAY is a closed loop system (which is the only system currently allowed in China). Currently IEXPAY has 21 banks on its system and hundreds of merchants.
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