READEN HOLDING CORPORATION (OTC PINK: RHCO) SIGNS MOU TO ACQUIRE 80% STAKE IN MORRICH LOTTERY LIMITED, BRINGING THE READIES PAYMENT PLATFORM TO THE AFRICAN GAMING MARKET
Readen Holding (OTC PINK: RHCO) has signed a Memorandum of Understanding (MOU) to acquire an 80% stake in Morrich Lottery , a licensed lottery operator in Nigeria. The acquisition will enable RHCO to expand Morrich's services to include Keno and scratch lottery games, with potential future casino offerings.
A key highlight is the integration of RHCO's Readies payment platform into Morrich Lottery operations, marking its first entry into the African market. Readies, operated under RHCO's Czech subsidiary Finexeble S.R.O., is a blockchain-powered hybrid payment platform supporting both fiat and crypto transactions.
The MOU includes a six-week due diligence period with an exclusivity clause. The transaction's completion depends on successful due diligence and definitive agreement negotiations.
Readen Holding (OTC PINK: RHCO) ha firmato un Memorandum d'Intesa (MOU) per acquisire l'80% delle quote di Morrich Lottery, un operatore di lotterie autorizzato in Nigeria. Questa acquisizione permetterà a RHCO di ampliare i servizi di Morrich includendo giochi come il Keno e le lotterie gratta e vinci, con possibili offerte future di casinò.
Un punto chiave è l'integrazione della piattaforma di pagamento Readies di RHCO nelle operazioni di Morrich Lottery, segnando il suo primo ingresso nel mercato africano. Readies, gestita dalla controllata ceca di RHCO, Finexeble S.R.O., è una piattaforma di pagamento ibrida basata su blockchain che supporta transazioni sia in valuta fiat che in criptovalute.
Il MOU prevede un periodo di due mesi per la due diligence con una clausola di esclusività. Il completamento della transazione dipenderà dall'esito positivo della due diligence e dalla negoziazione di un accordo definitivo.
Readen Holding (OTC PINK: RHCO) ha firmado un Memorando de Entendimiento (MOU) para adquirir el 80% de participación en Morrich Lottery, un operador de lotería licenciado en Nigeria. Esta adquisición permitirá a RHCO expandir los servicios de Morrich para incluir juegos como Keno y loterías de rasca y gana, con posibles futuras ofertas de casino.
Un aspecto destacado es la integración de la plataforma de pagos Readies de RHCO en las operaciones de Morrich Lottery, marcando su primera entrada en el mercado africano. Readies, operada por la subsidiaria checa de RHCO, Finexeble S.R.O., es una plataforma híbrida de pagos impulsada por blockchain que soporta transacciones tanto en moneda fiat como en criptomonedas.
El MOU incluye un periodo de diligencia debida de seis semanas con una cláusula de exclusividad. La finalización de la transacción depende del éxito de la diligencia debida y de la negociación de un acuerdo definitivo.
Readen Holding (OTC PINK: RHCO)는 나이지리아의 허가된 복권 운영사인 Morrich Lottery의 지분 80%를 인수하기 위한 양해각서(MOU)를 체결했습니다. 이번 인수를 통해 RHCO는 Morrich의 서비스에 케노(Keno)와 즉석복권 게임을 추가하고, 향후 카지노 서비스 제공도 가능하게 할 예정입니다.
주요 내용 중 하나는 RHCO의 Readies 결제 플랫폼을 Morrich Lottery 운영에 통합하는 것으로, 아프리카 시장에 첫 진출을 의미합니다. Readies는 RHCO의 체코 자회사인 Finexeble S.R.O.가 운영하는 블록체인 기반 하이브리드 결제 플랫폼으로, 법정화폐와 암호화폐 거래를 모두 지원합니다.
이번 MOU는 6주간의 실사 기간과 독점 조항을 포함하고 있으며, 거래 완료는 실사 결과와 최종 계약 협상에 따라 결정됩니다.
Readen Holding (OTC PINK : RHCO) a signé un protocole d'accord (MOU) pour acquérir 80 % des parts de Morrich Lottery, un opérateur de loterie agréé au Nigeria. Cette acquisition permettra à RHCO d'étendre les services de Morrich pour inclure des jeux de Keno et de loterie à gratter, avec des offres potentielles de casino à l'avenir.
Un point clé est l'intégration de la plateforme de paiement Readies de RHCO dans les opérations de Morrich Lottery, marquant sa première entrée sur le marché africain. Readies, exploitée par la filiale tchèque de RHCO, Finexeble S.R.O., est une plateforme de paiement hybride basée sur la blockchain, prenant en charge les transactions en monnaie fiduciaire et en cryptomonnaies.
Le MOU inclut une période de diligence raisonnable de six semaines avec une clause d'exclusivité. La finalisation de la transaction dépendra de la réussite de la diligence raisonnable et des négociations d'un accord définitif.
Readen Holding (OTC PINK: RHCO) hat eine Absichtserklärung (Memorandum of Understanding, MOU) zur Übernahme eines 80%-Anteils an Morrich Lottery, einem lizenzierten Lotteriebetreiber in Nigeria, unterzeichnet. Durch die Übernahme kann RHCO die Dienstleistungen von Morrich um Keno- und Rubbellose erweitern, mit möglichen zukünftigen Casino-Angeboten.
Ein wichtiger Punkt ist die Integration der Readies-Zahlungsplattform von RHCO in den Betrieb von Morrich Lottery, was den ersten Markteintritt in Afrika markiert. Readies, betrieben von der tschechischen Tochtergesellschaft Finexeble S.R.O. von RHCO, ist eine blockchain-basierte hybride Zahlungsplattform, die sowohl Fiat- als auch Krypto-Transaktionen unterstützt.
Das MOU sieht eine sechswöchige Due-Diligence-Phase mit einer Exklusivitätsklausel vor. Der Abschluss der Transaktion hängt von einer erfolgreichen Due Diligence und den Verhandlungen eines endgültigen Vertrags ab.
- Strategic acquisition of 80% stake in a licensed Nigerian lottery operator
- First expansion of Readies payment platform into the African market
- Potential revenue growth through planned expansion into Keno and scratch lottery games
- Integration of both fiat and crypto payment capabilities in an emerging market
- Deal is subject to due diligence completion and final agreement
- Future casino offerings dependent on regulatory approval
- Execution risks in emerging market expansion
The acquisition will enable RHCO to oversee the expansion of Morrich Lottery's services to include Keno and scratch lottery games, with a future roadmap to potentially incorporate casino offerings, subject to regulatory approval. Morrich Lottery Limited currently holds licensing capabilities that allow for operational expansion under
A significant aspect of this agreement is the integration of RHCO's flagship digital payment solution, Readies, into all Morrich Lottery operations. This marks a major milestone for the Readies platform, as it makes its first official entry into the African market. Readies will be utilized as a core payment infrastructure across all Morrich Lottery channels, offering users a seamless, secure, and efficient way to engage with lottery services using both fiat and crypto transactions.
Readies is a blockchain-powered hybrid payment platform operated under Finexeble S.R.O., RHCO's licensed subsidiary in the
Under the terms of the MOU, RHCO will conduct a six-week due diligence process, during which Morrich Lottery will provide access to all necessary business and financial documentation. During this period, the Seller has agreed to an exclusivity clause, refraining from any negotiations with third parties. The transaction remains subject to the successful outcome of due diligence and the negotiation of definitive agreements.
This expansion into
Ridzky Berg, CEO of RHCO, commented: "This partnership not only strengthens our position in the global gaming industry but also brings the Readies platform to a vast and fast-growing consumer base in
About Morrich Lottery Limited
Morrich Lottery Limited is a registered lottery operator in
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
OkePay: | |
OkePay VPOS: | |
Oke Partners / OkeApp: | |
Oke Travel Club: | |
OkToken: | |
Readies: | |
Neckermann Direct: | |
Two Percent: | |
Finexeble: |
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in
For further information please contact RHCO at info@readenholdingcorp.com or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Readen Holding Corp., RHCO announcement
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FAQ
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