TROOPS Inc. Subsidiary Giant Connection Limited to Acquire 49% Stake in Malaysian Co-living and Co-working Space

Reuters

Jul 16

TROOPS Inc. Subsidiary Giant Connection Limited to Acquire 49% Stake in Malaysian Co-living and Co-working Space

TROOPS Inc. announced that its subsidiary, Giant Connection Limited, has entered into a Letter of Intent to acquire a 49% equity interest in Y Concept Holding Limited, the parent company of The Cara Hotel in Malaysia. This acquisition aims to expand TROOPS' presence in the Malaysian co-living and co-working space sector. The transaction will involve convertible notes issued by TROOPS and is subject to conditions such as satisfactory due diligence and board approvals. This strategic move aligns with TROOPS' objective to diversify investments and leverage growth in Asia's flexible living and working space market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TROOPS Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN31601) on July 16, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Subsidiary Giant Connection Limited to Acquire 49% Stake in Malaysian Co-living and Co-working Space","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      TROOPS Inc. Subsidiary Giant Connection Limited to Acquire 49% Stake in Malaysian Co-living and Co-working Space\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        TROOPS Inc. announced that its subsidiary, Giant Connection Limited, has entered into a Letter of Intent to acquire a 49% equity interest in Y Concept Holding Limited, the parent company of The Cara Hotel in Malaysia. This acquisition aims to expand TROOPS' presence in the Malaysian co-living and co-working space sector. 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