TIAN RUIXIANG Holdings Expands into Southeast Asia with Beyond Coastline Acquisition
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Tian Ruixiang Holdings Ltd (TIRX) has entered a share exchange agreement to acquire 80% of Beyond Coastline Holdings Limited, a Southeast Asian retail group, aiming to enhance its presence in the region and integrate its consumer ecosystem with TRX's digital insurance services. The acquisition involves issuing 7.2 million Class A shares and is part of TRX's globalization strategy. However, TIRX faces financial challenges, with a Hold rating and a $1.00 price target from analysts, indicating concerns over profitability and cash flow issues.
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