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TROOPS, Inc. ( (TROO) ) has shared an announcement.
TROOPS, Inc. has completed the acquisition of Riches Holdings Limited by converting a convertible promissory note into ordinary shares, gaining full ownership of the company. This acquisition, valued at $13.4 million, is expected to enhance TROOPS, Inc.’s operations by leveraging Riches Holdings’ subsidiaries, which offer a range of advisory and property services. The transaction signifies a strategic move to bolster TROOPS’ market presence and service offerings, potentially increasing its client base and market synergies.
More about TROOPS, Inc.
TROOPS, Inc. operates in the financial services industry, focusing on providing financial and insurance advisory services, immigration consultation, overseas education advisory, application services, and property agency services. The company serves clients primarily in Hong Kong and China through its mobile application, connecting them with professional consultants.
YTD Price Performance: -1.64%
Average Trading Volume: 25,811
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $182.9M
For an in-depth examination of TROO stock, go to TipRanks’ Stock Analysis page.