NaaS Technology To Acquire 89.99% OF Issued And Outstanding Shares Of Sinopower Holdings International From An Existing Shareholder Of Sinopower For ~$6.1M
Portfolio Pulse from Benzinga Newsdesk
NaaS Technology is set to acquire 89.99% of issued and outstanding shares of Sinopower Holdings International for approximately $6.1 million from an existing shareholder.
June 12, 2023 | 1:09 pm
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NaaS Technology's acquisition of 89.99% of Sinopower Holdings International shares for $6.1M could potentially expand its market presence.
The acquisition of a majority stake in Sinopower Holdings International by NaaS Technology for $6.1 million indicates a strategic move to expand its market presence. This could potentially lead to increased revenues and growth for the company, positively impacting its stock price in the short term.
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