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The latest update is out from Matica Fintec SpA ( (IT:MFT) ).
Matica Fintec S.p.A. has received shareholder approval for a reverse take-over operation and a capital increase to facilitate the acquisition of Matica Corp. and a majority stake in Digital Identity Solutions Korea Co., Ltd. This strategic move aims to create an integrated group, enhancing Matica Fintec’s global footprint with new production sites in the U.S. and South Korea. The operation is expected to expand the customer base, optimize logistics, and increase negotiating power with suppliers, ultimately strengthening the company’s position in the financial and identity markets.
More about Matica Fintec SpA
Matica Fintec S.p.A. is an innovative SME that operates in the design, production, and marketing of advanced systems for issuing digital cards, catering primarily to financial and government institutions. The company is listed on Euronext Growth Milan and aims to strengthen its international presence through strategic operations.
Average Trading Volume: 7,732
Technical Sentiment Signal: Sell
Current Market Cap: €18.03M
For detailed information about MFT stock, go to TipRanks’ Stock Analysis page.