New Stock News | Modern Payment Plans to Achieve Listing Goal Within Five Years

On August 9th, Modern Payment announced its fourth five-year plan outlook on its official WeChat public account. It mentioned that, starting from now, Modern Payment has officially started its IPO plan with a goal to be listed within the next five years. The core team will receive equity/options incentives based on their contributions and will share the benefits of the company's rapid development. In order to achieve the goal of listing the company as soon as possible, the group plans to invest 500 million yuan in special funds to further accelerate the company's transformation and upgrade. It is understood that Modern Payment is a wholly-owned subsidiary independently invested by National Modern Financial Holdings Co., Ltd., registered and established in Chengdu with a registered capital of 100 million yuan in 2010. In December 2011, Modern Payment obtained a payment business license issued by the People's Bank of China, and in December 2021, it renewed the "Payment Business License". Many third-party payment companies have been taking actions towards IPO this year. On April 30th, Fuiou Payment submitted its prospectus to the Hong Kong Stock Exchange, planning to list on the main board of the Hong Kong Stock Exchange. Previously, Fuiou Payment had signed guidance agreements with securities firms in 2015, 2018, and 2021 to prepare for listing on the A-share market. In addition, in March, LIANLIAN was listed on the Hong Kong stock market, becoming the first cross-border payment stock.