StarInvest Group (ticker: STIV.ob) announced it has acquired 149,254 restricted shares of China-based payment processor, Asia Payment Systems (ticker: APYM.ob), for $100,000.
StarInvest Group is a publicly traded Business Development Company located in New York City. The company has implemented a strategy to create value for shareholders by investing in emerging companies that are positioned for strong industry growth or that have business models with strong cash flow potential. In addition to structuring financing requirements, StarInvest provides managerial assistance and strategic links between the Portfolio Companies enabling them to maximize their resources for marketing, business development, administration, public listing planning, and realization of their goals.Quick thought: You may remember our profile of Asia Payment Systems, and discussion of CEO Mecke's company presentation at last week's micro-cap conference in New York City.
APYM's stock market performance:
Disclosure: I am LONG Asia Payment Systems.