Business Acquisitions Propel RELX's International Expansion Plan

Business by 2FIRSTS.ai

Dec.05.2023

Business Acquisitions Propel RELX's International Expansion Plan

RELX Technology announces $25 million acquisition agreements with two leading e-cigarette companies in Southeast Asia and North Asia.

On December 5th, RELX Technology announced on its official website (ir.relxtech.com) that the company has entered into two equity acquisition agreements with two target companies and their respective shareholders (hereinafter referred to as "the business acquisition equity acquisition agreements"), with a total value of approximately $25 million. The signing of the "equity purchase agreements for business acquisition" and the proposed transactions have received approval from the company's board of directors and audit committee.

The two target companies are located in Southeast Asia and North Asia, respectively, and both are market leaders in the e-cigarette industry of their respective countries.

The anticipated transaction under the "Business Acquisition Share Purchase Agreement" is expected to facilitate the company's international expansion in Southeast Asia and North Asia. The company also plans to continue its overseas expansion in the future.

References:

[1] RLX Technology Announces Business Acquisitions to Facilitate Its ...

Also Read:

[1] RELX Technology Ranked First in Global E-cigarette Companies

[2] Update on RLX Technology's Dividend and Stock Performance

[3] RELX Releases Unaudited Financial Report for Q3 2023

#E-cigarettes #Asia #Market #Southeast Asia #RELX Technology #International

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