TIAN RUIXIANG Holdings Subsidiary Enters Into Sale And Purchase Agreement To Acquire Peak Consulting Services Limited; Total Consideration Is $1.5M To Be Paid In 3,472,222 Of Company's Class A Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
TIAN RUIXIANG Holdings, through its subsidiary, has entered into an agreement to acquire Peak Consulting Services Limited for a total consideration of $1.5 million, to be paid in 3,472,222 of the company's Class A ordinary shares.
February 14, 2024 | 1:47 pm
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TIAN RUIXIANG Holdings is acquiring Peak Consulting Services Limited for $1.5 million, paid in shares, expanding its business operations.
The acquisition of Peak Consulting Services Limited by TIAN RUIXIANG Holdings is a strategic move to expand its business operations. The payment in shares indicates a strong belief in the value of the acquisition and its potential positive impact on TIRX's future growth. This could be seen positively by investors, potentially leading to a short-term increase in TIRX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100