imo the 50/50 with jiangxi stands the following Pr buying iexpay is not : it went to global !but Efgo owns 23% of global and loaned global 250000 for global to pay 10% in cash for iex.
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.
And yes we loan them the money, but it's like the bank loan you money for a car. it's your car, but you owe the bank.
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