Olive Tree Estates Limited (SG:1H2) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Olive Tree Estates Limited has announced the termination of a subscription agreement with Providence MetaVentures for a joint venture aimed at creating a blockchain-enabled crowdfunding platform. Despite the successful launch of the platform, it is expected to operate as a non-profit, which does not align with Olive Tree’s investment goals of generating economic returns while addressing global needs sustainably. The termination will not materially impact the company’s net tangible assets or earnings per share for the financial year ending 2024.
For further insights into SG:1H2 stock, check out TipRanks’ Stock Analysis page.