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Chong Sing acquires payment company

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Chong Sing acquires payment company

Chong Sing Holdings FinTech Group Ltd. has acquired Hong Kong-based stored value payment company K&R International Ltd.

The purchase will boost the company's payment service business in China, it said in a March 26 release, without disclosing the deal value.

K&R International holds the right to issue UnionPay International bank cards.