NCI Signs Asset Purchase Agreement To Acquire The Intellectual Property And R&D Capabilities Of Its Affiliated Company, Neo-Concept Company Ltd; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Neo-Concept International Group Holdings Limited (NASDAQ:NCI) has signed an Asset Purchase Agreement to acquire the intellectual property and R&D capabilities of its affiliated company, Neo-Concept (Holdings) Company Limited. Financial terms were not disclosed.
May 29, 2024 | 1:22 pm
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Neo-Concept International Group Holdings Limited (NASDAQ:NCI) has signed an Asset Purchase Agreement to acquire the intellectual property and R&D capabilities of its affiliated company, Neo-Concept (Holdings) Company Limited. This acquisition is expected to enhance NCI's service offerings and competitive edge in the apparel solutions market.
The acquisition of IP and R&D capabilities is likely to strengthen NCI's market position and service offerings, potentially leading to positive investor sentiment and a short-term increase in stock price.
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