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iWOW Technology Limited ( (SG:NXR) ) just unveiled an announcement.
iWOW Technology Limited has entered into a non-binding term sheet to acquire 100% of a Singapore-based private company that specialises in research, development and provision of clinically formulated therapeutic meals and rehabilitation-related solutions for the healthcare and eldercare ecosystem. The target firm focuses on science-based, clinically appropriate diets, including texture-modified foods for seniors and patients with chronic conditions such as dysphagia, kidney-related diseases and diabetes, and primarily serves institutional healthcare and eldercare customers while expanding into the consumer market; if completed, the proposed acquisition would position iWOW more deeply within the growing silver economy and broaden its presence across both B2B and B2C healthcare nutrition and rehabilitation segments, though final terms remain subject to a definitive agreement.
More about iWOW Technology Limited
iWOW Technology Limited is a Singapore-based technology group that provides Internet-of-Things and related digital solutions, with a focus on serving institutional and consumer markets in sectors such as public safety, smart metering and healthcare-related applications. The company seeks to expand its footprint in high-growth, technology-enabled segments that address structural trends like ageing populations and increased demand for integrated healthcare and eldercare services.
Average Trading Volume: 100,918
Technical Sentiment Signal: Buy
Current Market Cap: S$116.8M
For an in-depth examination of NXR stock, go to TipRanks’ Overview page.