EFT Solutions Holdings Limited (SEHK:8062) entered into a non-legally binding memorandum of understanding to acquire an unknown stake in Skyyer Holding Limited on October 18, 2018. In a related transaction, EFT Solutions Holdings Limited agreed to acquire an unknown stake in Skyyer Holding Limited by way of subscription. EFT Solutions will collectively acquire 48% stake in Skyyer Holding through these two transaction. The transaction is subject to financial and legal due diligence of Skyyer Holding and valuation of Skyyer Holding. EFT Solutions Holdings Limited (SEHK:8062) cancelled the memorandum of understanding to acquire an unknown stake in Skyyer Holding Limited on January 21, 2019.