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Tooru plc Transitions to Health and Wellness Sector with S-Ventures Acquisition

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Tooru plc Transitions to Health and Wellness Sector with S-Ventures Acquisition

Elevate Your Investing Strategy:

RiverFort Global Opportunities Plc ( (GB:TOO) ) just unveiled an announcement.

Tooru plc has announced its audited financial results for the year ended 31 December 2024, marking a significant transition from an investment company to an operating entity in the health and wellness sector. The company completed the acquisition of S-Ventures’ business assets, aiming to leverage growth opportunities and enhance shareholder value. Despite a loss from continuing operations, the company reported a cash balance of £2.4 million and net assets of £4.2 million at the end of the period. The board is optimistic about the future, focusing on improving existing businesses and exploring further acquisition opportunities to scale operations.

More about RiverFort Global Opportunities Plc

Tooru plc, formerly known as RiverFort Global Opportunities plc, operates in the health and wellness sector. The company transitioned from being an investment entity focused on junior listed companies to an operating business, following the acquisition of S-Ventures’ business assets.

Average Trading Volume: 3,297,417

Technical Sentiment Signal: Hold

Current Market Cap: £4.36M

Learn more about TOO stock on TipRanks’ Stock Analysis page.

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