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An update from CleanGo Innovations ( (TSE:CGII) ) is now available.
CleanGo Innovations Inc. has entered into a non-binding letter of intent with MakerSoul (Hong Kong) Limited to pursue a reverse take-over, which will make MakerSoul a wholly owned subsidiary. This transaction, if finalized, will result in a fundamental change for CleanGo under Canadian Securities Exchange policies and will require shareholder approval. The resulting issuer from this transaction will primarily operate MakerSoul’s business, with MakerSoul shareholders expected to hold 90% of the new entity’s shares. The deal includes plans for a name change and potential adjustments to board memberships, aiming to strengthen CleanGo’s market positioning by integrating MakerSoul’s operations.
More about CleanGo Innovations
CleanGo Innovations Inc. is a leader in the industry of eco-friendly cleaning solutions, providing green certified products for industrial, commercial, and household use. The company focuses on sustainable and environmentally conscious cleaning options.
YTD Price Performance: -21.88%
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $871.5K
For a thorough assessment of CGII stock, go to TipRanks’ Stock Analysis page.
