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Reliance Global Holdings Limited ( (HK:0723) ) has shared an update.
Reliance Global Holdings Limited has announced the formation of a joint venture company focused on the development and operation of forestry robotics. The joint venture, established with partners AZIO, HK Chuang Xin Qi, and Mega Link, involves a total capital commitment of HK$150 million, with Reliance Global Capital and AZIO each contributing HK$60 million. The joint venture will not be a subsidiary of Reliance Global Holdings, and its financial results will not be consolidated into the company’s financial statements. This strategic move positions Reliance Global Holdings to expand its footprint in the innovative field of forestry robotics, potentially enhancing its market presence and offering new opportunities for growth.
More about Reliance Global Holdings Limited
Average Trading Volume: 2,942,883
Technical Sentiment Signal: Sell
Current Market Cap: HK$265.8M
Find detailed analytics on 0723 stock on TipRanks’ Stock Analysis page.