MoneyHero Limited (MNY) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
MoneyHero Limited has announced a pivotal strategic partnership with Jirnexu Pte. Ltd., facilitating the acquisition of its Malaysian B2C brand, CompareHero, by Jirnexu’s RinggitPlus, the leading player in the Malaysian market. In this transaction, MoneyHero retains an equity stake in Jirnexu, aligning with its strategy to focus on growth opportunities in its core markets while maintaining interest in the Malaysian financial sector. The deal, set to close in early July 2024, promises continuity and advancement for CompareHero users and aims to enhance long-term shareholder value.
For further insights into MNY stock, check out TipRanks’ Stock Analysis page.