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The company revealed a two-stage acquisition deal targeting a 49% stake.
TROOPS, Inc. (XNAS: TROO) announced a strategic move into the Asian co-working market through a two-stage acquisition deal. The company revealed its intention to acquire a 49% stake in an undisclosed target, aiming to expand its footprint in the growing Asian market.
The acquisition will be executed in two stages, with the first stage involving the purchase of a 49% stake. No financial details or timeline for the completion of the acquisition were disclosed in the announcement.
As of the latest available data, TROOPS, Inc. has a free float of 62,956,000 shares.
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