Taoping (TAOP) has released an update.
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Taoping Inc. has signed a non-binding letter of intent to acquire Yunti, a Shenzhen-based company specializing in smart elevator solutions. This potential acquisition could significantly boost Taoping’s annual revenue and expand its market reach within China’s rapidly growing elevator industry. The deal is expected to close within the next year, contingent on a definitive agreement and due diligence.
For further insights into TAOP stock, check out TipRanks’ Stock Analysis page.
