TIMIA Capital (TSE:MONT) has released an update.
Montfort Capital Corp. is set to fully acquire Langhaus Financial Partners by purchasing the remaining minority stake, achieving 100% ownership. This strategic move comes after Langhaus reached its asset management target, prompting Montfort to exercise its call option. The transaction will see Montfort issuing over 5 million shares as consideration and is expected to bolster Montfort’s growth, particularly in the insurance lending business.
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