Society Pass Subsidiary, NextGen Retail To Acquire Indonesia's PT Inetindo Infocom For ~$1.85M
Portfolio Pulse from Charles Gross
NextGen Retail Inc, the online retail subsidiary of Society Pass Incorporated (NASDAQ:SOPA), has announced plans to acquire 95% of PT Inetindo Info, a subsidiary of Story-I Limited (ASX: SRY). Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner, as well as an electronic gaming retailer.
July 07, 2023 | 10:45 am
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Society Pass's subsidiary, NextGen Retail, is acquiring 95% of PT Inetindo Info, which could potentially expand its market presence in Indonesia.
The acquisition of PT Inetindo Info by NextGen Retail, a subsidiary of Society Pass, could potentially expand Society Pass's market presence in Indonesia. This could lead to increased revenues and profitability, which could positively impact the company's stock price in the short term.
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