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RHCO ANNOUNCES LETTER OF INTENT (LOI) FOR THE PURCHASE OF OKEPAY NEW ZEALANDRHCO ANNOUNCES LETTER OF INTENT (LOI) FOR THE PURCHASE OF OKEPAY NEW ZEALAND
RHCO ANNOUNCES LETTER OF INTENT (LOI) FOR THE PURCHASE OF OKEPAY NEW ZEALANDRHCO ANNOUNCES LETTER OF INTENT (LOI) FOR THE PURCHASE OF OKEPAY NEW ZEALAND.
About this update from Readen Holding Corp.
[{"type":"text","content":"RHCO ANNOUNCES LETTER OF INTENT (LOI) FOR THE PURCHASE OF OKEPAY NEW ZEALAND Press Release | 02/11/2021Readen Holding Corp. (OTC: RHCO), RHCO announced today, as they enter the US$ 4.7 trillion (2020 estimates) payments market and on the strength of a European PSP License, that they have signed a Letter of Intent (LOI) for the purchase of OkePay New Zealand and its subsidiary OkePay Asia Limited.OkePay is a go-to payment gateway solution that enables a merchant to accept all major payment methods which is supported by an easy integration process and active support team.RHCO see this acquisition as an ideal springboard to launch two proprietary products which are currently in the ‘testing’ phase of development and due for imminent release. These products will not only boost the merchant’s revenue but the zero-commission merchant strategy and will add to OkePay’s daily increase in merchant acquisition.The LOI outlines RHCO’s offer to purchase 100% of OkePay NZ from the private individual shareholders for US$ 1 million in cash and 75 000 000 RHCO Restricted shares. Mr. Richard Klitsie, CEO, said ‘We are very pleased to sign this LOI with OkePay NZ. As we continue with our restructuring and aggressive growth strategy, our innovative approach through the development of our proprietary products will strengthen our goal to challenge and be real competitor’. He went on to say ‘Our strength in the payments sector will produce a network effect as we transition our traditional retail business Neckermann Direct (Benelux) from an online store to an eCommerce platform, with payments at the co...