Lan-Ray in Singapore tried to break into a prepaid cash card (PCC) business in China. Own funds were obtained to acquire Protection Communications Network (PCN), payment intermediary in Quanzhou, China, with an extensive network of payments, which could play an important role in the success of the business PCC. However, PCN need to demonstrate profitability before they can obtain a license to run the business PCC. At Lan-Ray and PCN ventured into mobile phone campus electronic business card, which was originally estimated to be able to help the PCN to achieve profitability in the short term. However, the campus is an electronic business card will not be as profitable as expected. At the same time, the acquisition of PCN-Ray Lang hit a road block PCN does not wish to transfer shares to Lan-Ray. "Hide
by Wee Yong Yeo Source: Richard Ivey School of Business Foundation 7 pages. Publication date: April 20, 2012. Prod. #: W12900-PDF-ENG
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