You must have missed the acquisition of Yozo mid last month, a digital payment platform with BNPL capabilities that complements their previous acquisition of Chapter Two, a debt restructuring financial service. All coming together like a match made in heaven.
CI1 has also sought the services of a senior advisor in November (Kim Fung), tasked principally with the development of the company’s business in Australia and also looking at international expansion and acquisitions. I see there will be great opportunity this year for CI1 to expand and continue to grow especially being cashflow positive and making a significant profit it can distribute to shareholders. So I expect CI1 to be aggressive in another merger or acquisition this year.
Jimmie Wong, Chairman commented “We are delighted with the appointment of Mr Lai as an
advisor to CI1. Mr Lai has significant experience in corporate finance, mergers and acquisitions,
listing and investment management which we believe will add significant value to Credit
Intelligence in the year ahead.”
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