TechFinancials selling Cedex Holdings to Lem Management

LONDON, UK: TechFinancials Inc. has entered into a Share Purchase Agreement to sell its 99.84% owned subsidiary, Cedex Holdings Limited to Lem Management Limited. According to the terms of the agreement, TechFinancials will be entitled to future consideration upon the buyer succeeding to raise US$20 million in a single or series of related transactions, for…