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Prenetics Sells Ownership of ACT Genomics for $71.78 Million, Plans to Strengthen Bitcoin Financial Strategy
Summary: According to reports, NASDAQ-listed company Prenetics has announced a final agreement to transfer its ownership in ACT Genomics Holdings Company Limited to Delta Electronics Co., Ltd. for approximately $71.78 million. The divestment of ACT Genomics significantly enhances Prenetics' financial foundation, with an estimated cash reserve of around $86 million and cash and short-term assets totaling ...
According to reports, NASDAQ-listed company Prenetics has announced a final agreement to transfer its ownership in ACT Genomics Holdings Company Limited to Delta Electronics Co., Ltd. for approximately $71.78 million. The divestment of ACT Genomics significantly enhances Prenetics' financial foundation, with an estimated cash reserve of around $86 million and cash and short-term assets totaling $117 million. The company maintains a debt-free balance sheet, allowing for exploration of other financial management solutions, including adoption of digital assets and a Bitcoin financial strategy.
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Link: Prenetics Sells Ownership of ACT Genomics for $71.78 Million, Plans to Strengthen Bitcoin Financial Strategy [Copy]
