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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100