Lichen China Ltd. Class A ( (LICN) ) has issued an announcement.
Lichen China Limited, a prominent financial and taxation service provider in China, has completed the acquisition of the remaining 40% equity interest in Bondly Enterprises Limited, a leading consulting firm specializing in business process management and AI development. This strategic move, finalized on February 10, 2025, aims to integrate Bondly’s advanced technologies into Lichen China’s operations, enhancing its AI-driven solutions and market position in the AI sector. The acquisition is valued at US$5,330,000 and positions Bondly as a wholly-owned subsidiary, expected to drive revenue growth and strengthen Lichen China’s competitive edge in financial, taxation, and AI sectors.
More about Lichen China Ltd. Class A
Lichen China Limited is a leading provider of financial and taxation solution services, education support services, and software and maintenance services in China. The company has built a strong reputation over 18 years for delivering professional and high-quality services under its ‘Lichen’ brand.
YTD Price Performance: -55.98%
Average Trading Volume: 16,986,801
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.74M
For a thorough assessment of LICN stock, go to TipRanks’ Stock Analysis page.