22 April 2021
ASX Announcement
Fatfish Increases Direct Stake Significantly in
Singapore Central Bank Licensed Smartfunding
Highlights:
Singapore central bank (MAS) has approved FFG to increase its stake in
Smartfunding, a licensed and regulated entity
FFG took up rights issue worth A$300,000 in Smartfunding, increased its direct stake
from 19.9% to 39.95% in Smartfunding
FFG’s Swedish subsidiary Abelco owns 49.4% stake in Smartfunding
Increased of direct stake in Smartfunding is significant and position FFG to further
drive the business of Smartfunding
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