Vista Group buys back control of Chinese subsidiary, offset by debt owed by WePiao

Mon, 19 Feb 2018

By Sophie Boot Feb. 20 (BusinessDesk) - Vista Group International has bought back 7.9 percent of its Chinese entity for $7.7 million, leaving it with 47.5 percent of the business and allowing it to treat the division as a controlled entity within the group. The company said it was "delighted" to bring Vista China back into the group, having agreed with Chinese partner China's Beijing Weying Technology Co (WePiao), whose backers include the Wechat/Tencent Group, that "the time is right for Vista Group to increase its stake and play a great...

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