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An update from Sg Blocks ( (SGBX) ) is now available.
On January 8, 2025, Safe & Green Holdings Corp. entered into a binding Letter of Intent to acquire all securities of New Asia Holdings Inc., including its subsidiaries Olenox Corp. and Machfu.com. This strategic move is expected to enhance Safe & Green’s capabilities by integrating Olenox’s innovative energy solutions with Machfu’s IoT technologies, setting the stage for significant growth in energy and technology sectors. The acquisition aims to create a diversified entity capable of addressing industry inefficiencies and expanding market opportunities in renewable energy and digital transformation. Michael McLaren, recently appointed CEO of Safe & Green, will also assume the role of Chairman, leading the company through this transformative phase, with a focus on operational efficiencies and economies of scale.
More about Sg Blocks
Safe & Green Holdings Corp. is a prominent modular solutions company that focuses on the development, design, and fabrication of modular structures. It caters to the demand for safe and green building solutions across various industries, supporting third-party and in-house developers, architects, builders, and owners to achieve faster and greener construction with higher value buildings.
YTD Price Performance: 11.47%
Average Trading Volume: 3,452,995
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.55M
See more data about SGBX stock on TipRanks’ Stock Analysis page.
