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The latest announcement is out from Genetic Technologies ( (AU:GTG) ).
Genetic Technologies Limited has announced the acquisition of Ellerfield Wealth Pty Ltd and Walker Capital Private Wealth Pty Ltd, marking a significant step in its transition to a diversified financial services group. These acquisitions are expected to enhance the company’s positioning in the wealth management sector by leveraging a combined client base and operational infrastructure, aligning with its long-term strategy for growth through organic and acquisition opportunities. The transactions are subject to regulatory and shareholder approvals, and the company plans to conduct an equity raise to comply with ASX listing requirements.
More about Genetic Technologies
Genetic Technologies Limited is a company transitioning into the financial services industry, focusing on wealth management. The company is expanding its market presence through strategic acquisitions, aiming to become a leading financial services firm in Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.67M
For detailed information about GTG stock, go to TipRanks’ Stock Analysis page.
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