Solvar (ASX:SVR) acquired a 19.9% interest in financial services company Earlypay (ASX:EPY), according to a Friday filing with the Australian bourse.
Earlypay offers working capital finance to Australian small and medium-sized enterprises through equipment finance and invoice finance products, the filing said.
Solvar shares slid 1% in afternoon trade Friday, while Earlypay shares fell 5%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.