TROOPS, Inc. enters LOI to acquire 49% interest in Y Concept Holding
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 16 2025
0mins
Acquisition Details: TROOPS' subsidiary, Giant Connection, has signed a Letter of Intent to acquire a 49% stake in Y Concept Holding, which operates The Cara Hotel in Malaysia, through convertible notes valued at 80% of the share price.
Conditions and Next Steps: The acquisition is contingent upon successful financial and legal due diligence, necessary regulatory approvals, board approvals from both parties, and no adverse changes in Y Concept Holding's operations or finances, with definitive agreements expected soon.
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About TROO
TROOPS Inc is an investment holding company principally engaged in the provision of consultancy services for insurance products. The Company operates its business through five segments. The Consultancy Services for Insurance Products segment is mainly engaged in the provision of consulting services that supports the insurance and financial management industry. The Money Lending segment is mainly engaged in the provision of mortgage loans. The Property Lease and Management segment is mainly engaged in the property investment business. The Advisory and Referral Services segment is mainly engaged in the provision of consulting and services. The Applications, Technology, and Services segment is mainly engaged in the provision of the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including application programming interface (API) services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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