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RooLife Group Ltd. ( (AU:RLG) ) has provided an update.
RooLife Group Ltd has announced the sale of its Australian digital marketing subsidiary, CHOOSE Digital Pty Ltd, as part of its strategy to focus on high-margin product sales in key markets such as China, India, South East Asia, and the UK. This divestment aligns with the company’s global expansion strategy and aims to sharpen its business focus on sourcing and selling products through its RLG Marketplace platforms. The transaction is expected to be completed by the end of July 2025, with Mr. Warren Barry, former Head of Australian Sales, continuing to manage CHOOSE under the new ownership.
More about RooLife Group Ltd.
RooLife Group Ltd is an e-commerce company that specializes in digital marketing and consumer insights. The company focuses on identifying high-demand products and selling them globally, leveraging partnerships in China and other key markets to expand its reach and increase profit margins.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.96M
For detailed information about RLG stock, go to TipRanks’ Stock Analysis page.