SINGAPORE (June 20): Catalist listed Starland Holdings says it has entered into a conditional sale and purchase agreement to acquire a 100% stake in Ayondo Holding AG for $157.5 million.

Ayondo is a financial technology group that provides social trading services and brokerage services for both business-to-consumer (B2C) and business-to-business (B2B) for contracts for differences (CFDs).

Ayondo is licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK) and the Federal Financial Supervisory Authority (BaFin) in Germany.

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