BRIEF-Credit China Fintech Holdings updates on non-binding term sheet

March 30 (Reuters) - Credit China Fintech Holdings Ltd

:

* Company, sellers and target company entered into term

sheet

* Deal for an aggregate consideration of approximately

S$25.5 million

* Deal relating to potential investment, comprising

acquisition of shares in target co from sellers, subscription of

new shares in target co

* Target company is Havenport Asset Management Pte. Ltd.

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