GRG Banking Equipment's Hong Kong Unit Gets Money Service Operator License
MT Newswires Live
Oct 21
GRG Banking Equipment's (SHE:002152) unit, GRG HT (Hong Kong), obtained a money service operator license from Hong Kong's customs department, according to a Tuesday disclosure on the Shenzhen bourse.
The Chinese banking equipment producer's cross-border payment service provider will be able to conduct cross-border fund settlement and foreign exchange services after receiving the license.
GRG HT will establish a domestic and international fund channel in partnership with another subsidiary, Zhongjin Payment, to be able to provide the fund settlement and foreign exchange services.
GRG Banking's shares rose over 2% during midday trade.
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