Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest update is out from Synergy Empire (SHMY).
Synergy Empire Limited acquired Meluha Therapeutics Berhad by issuing 10 million shares of its Series A Preferred Stock to Meluha’s shareholders in exchange for all outstanding ordinary shares of Meluha. This strategic move allowed Synergy Empire to gain complete ownership of Meluha while providing the former shareholders with voting rights equivalent to common stock. The issued shares are unregistered securities, relying on exemptions for non-public offering, and the agreement specifics between the parties are for internal risk allocation and not intended for third-party benefits.
See more data about SHMY stock on TipRanks’ Stock Analysis page.