TROOPS, Inc. (NASDAQ: TROO) Subsidiary Enters Letter of Intent to Acquire Stake in Malaysian Co-living and Co-working Space
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 16 2025
0mins
Source: PRnewswire
Acquisition Announcement: TROOPS, Inc. announced its subsidiary Giant Connection Limited has signed a Letter of Intent to acquire a 49% stake in Y Concept Holding Limited, which operates The Cara Hotel in Malaysia, with potential for future acquisition of the remaining shares.
Strategic Goals and Conditions: The deal aims to enhance TROOPS' portfolio in the co-living and co-working sector in Asia, contingent upon due diligence, regulatory approvals, and no adverse changes in Y Concept's operations.
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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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