Safe & Green Holdings Corp. Completes Spin-Off Of Safe And Green Development Corporation
Portfolio Pulse from Benzinga Newsdesk
Safe & Green Holdings Corp. has completed the spin-off of Safe And Green Development Corporation. The spin-off is expected to allow both entities to focus on their core businesses and enhance shareholder value.
September 28, 2023 | 12:46 pm
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Safe & Green Holdings Corp., listed as SGBX, has completed a spin-off of Safe And Green Development Corporation. This could potentially enhance shareholder value by allowing both entities to focus on their core businesses.
Spin-offs often result in increased focus on core businesses and can lead to enhanced shareholder value. As such, this news could potentially have a positive impact on SGBX's stock price in the short term.
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