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Kina Securities Expands Stake with NiuPay Acquisition

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Kina Securities Expands Stake with NiuPay Acquisition

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The latest announcement is out from Kina Securities Ltd. ( (AU:KSL) ).

Kina Securities Ltd. announced the issuance of fully paid ordinary shares to NiuPay Pacific Pty Limited, marking the acquisition of approximately 17% of NiuPay. This strategic move is part of Kina’s expansion efforts and could enhance its market position by integrating NiuPay’s capabilities, potentially benefiting stakeholders through increased service offerings.

The most recent analyst rating on (AU:KSL) stock is a Buy with a A$1.67 price target. To see the full list of analyst forecasts on Kina Securities Ltd. stock, see the AU:KSL Stock Forecast page.

More about Kina Securities Ltd.

Kina Securities Ltd. operates in the financial services industry, providing banking and financial solutions. The company focuses on delivering a range of financial services and products, including banking, investment, and insurance services, primarily in Papua New Guinea.

Average Trading Volume: 196,079

Technical Sentiment Signal: Buy

Current Market Cap: A$359.4M

See more insights into KSL stock on TipRanks’ Stock Analysis page.

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