Onfolio Holdings To Acquire Majority Interest In Assets Of Eastern Standard; Purchase Price Of $2.16M For 90% Ownership
Portfolio Pulse from Benzinga Newsdesk
Onfolio Holdings is set to acquire a 90% ownership stake in the assets of Eastern Standard for $2.16 million. This acquisition could potentially enhance Onfolio's asset portfolio and market position.
September 24, 2024 | 1:17 pm
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Onfolio Holdings is acquiring a 90% stake in Eastern Standard's assets for $2.16 million. This strategic acquisition could bolster Onfolio's asset base and market presence.
The acquisition of a majority stake in Eastern Standard's assets is a significant move for Onfolio Holdings, likely to enhance its asset portfolio and market position. The purchase price of $2.16 million for 90% ownership indicates a strategic investment, which could positively impact ONFO's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100