Epic Update : Financial Technologies

Financial Technologies’ wholly owned subsidiary – Financial Technologies Singapore (FTSPL) has sold 100% of its equity ownership in SMX (together with its wholly owned subsidiary SMX CC) to ICE Singapore Holdings, an entity owned by the Intercontinental Exchange Group, Inc. for $150 million. The transaction was approved by the board of directors of FTSPL and FTIL on November 18, 2013 with signing of definitive agreements and is subject to certain customary closing conditions and approvals.

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