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RiverFort Global Opportunities Plc ( (GB:RGO) ) has issued an update.
RiverFort Global Opportunities Plc has announced the successful passage of resolutions at its General Meeting, paving the way for the acquisition of certain subsidiaries from S-Ventures Plc, marking a reverse takeover under AIM rules. This acquisition will transition the company into the health and wellness sector, accompanied by a name change to Tooru Plc. Additionally, the company has raised £0.5 million through a placing and will see its enlarged share capital admitted to AIM. The board will undergo significant changes, with new appointments and retirements, as the company positions itself for growth in its new sector.
More about RiverFort Global Opportunities Plc
RiverFort Global Opportunities Plc, soon to be renamed Tooru Plc, operates in the health and wellness sector. The company focuses on acquiring and managing businesses within this industry, aiming to expand its market presence and enhance its operational capabilities.
Average Trading Volume: 5,992,686
Technical Sentiment Signal: Buy
Current Market Cap: £2.48M
See more insights into RGO stock on TipRanks’ Stock Analysis page.
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