After seven extensions of the long stop date, the latest being Dec 31, Artivision Technologies appears ready to acquire MC Payment via a reverse takeover. The transaction was first proposed in October 2017. On Sept 2, Artivision announced it had received a no-objection letter from the Singapore Exchange for a further six-month extension of time from August 31 to Feb 28, 2021, to complete the proposed acquisition and meet the requirements for a new listing, and to appoint an additional independent director to make up the minimum number of three members for the audit committee of the company.

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