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LIFULL Co ( (JP:2120) ) has shared an update.
LIFULL Co., Ltd. has announced the transfer of its specified overseas subsidiary, LIFULL CONNECT S.L.U., to the founders of FazWaz Pte. Ltd. The transaction involves LIFULL contributing all shares of LIFULL CONNECT as an in-kind investment to the newly established CONNECT NEXT PTE. LTD., resulting in LIFULL acquiring a 55% stake in CONNECT NEXT through non-voting preferred shares. This move will exclude LIFULL CONNECT from LIFULL’s consolidated financial statements, reflecting a strategic shift in its business operations.
More about LIFULL Co
YTD Price Performance: -8.71%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $155.8M
For an in-depth examination of 2120 stock, go to TipRanks’ Stock Analysis page.
