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The latest update is out from OSR Holdings ( (OSRH) ).
OSR Holdings recently completed a significant business combination resulting in the issuance of 16,282,047 shares of Company Common Stock to participating stockholders, marking the end of its status as a shell company. The company has also implemented lock-up agreements with key stakeholders, restricting their ability to sell or transfer shares for a specified period. Financially, OSR Holdings experienced a decline in net sales for the quarter ended September 30, 2024, primarily due to the termination of a distribution agreement. However, the company reduced its losses before income taxes by 30% compared to the same quarter in 2023, due to a significant decrease in selling, general, and administrative expenses.
More about OSR Holdings
YTD Price Performance: -69.87%
Average Trading Volume: 1,174,054
Technical Sentiment Consensus Rating: Buy
For detailed information about OSRH stock, go to TipRanks’ Stock Analysis page.