Troops (TROO) said Monday it is nearing a deal to acquire Hong Kong building management firm Bestfaith International Technology and is also carrying out preliminary due diligence to take over a Hong Kong-based insurance brokerage.
Financial terms were not disclosed.
The company intends to complete the Bestfaith acquisition following customary closing requirements, including regulatory approvals and board consent. There has been no agreement signed for the brokerage takeover, Troops added.
Shares of the company rose 8% in recent Monday premarket activity.
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