Frugl Group Limited (AU:FGL) has released an update.
Frugl Group Limited reported a substantial 88% year-to-date increase in customer receipts and has completed the strategic acquisition of Trienpont International Co. Ltd, a tech company specializing in digital transformation and software development. The acquisition, which is expected to be financially included in Q4 results, was finalized with the issuance of 440 million shares and will expand Frugl’s capabilities and market reach. Additionally, Frugl has undergone leadership appointments, including a new CEO and CFO, and has secured short-term loan facilities to support its operations.
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