OSR Holdings announces definitive agreement to acquire Woori IO

Published 3 weeks ago Positive
OSR Holdings announces definitive agreement to acquire Woori IO
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* OSR Holdings (NASDAQ:OSRH) stated [https://seekingalpha.com/pr/20264684-osr-holdings-signs-definitive-agreement-to-acquire-woori-io-a-pioneer-in-noninvasive-glucose] that it has executed a definitive agreement to acquire Woori IO to strengthen its medical-device platform, diversify its healthcare portfolio, and capture recurring revenue from the global glucose-monitoring market.
* The strategic highlights of the acquisition included technology leadership by providing needle-free continuous monitoring, industry recognition, digital asset integration, and value creation.
* Under the definitive agreement, WORIO will become a wholly owned subsidiary of OSRH's Korean affiliate, and shareholders will receive newly issued OSRK shares in exchange for WORIO shares.
* WORIO will leverage the company's governance, global partnerships, and clinical development resources to accelerate product development and boost commercialization speed and efficiency.

MORE ON OSR HOLDINGS, INC.

* OSR Holdings receives Nasdaq notice for minimum bid price non-compliance [https://seekingalpha.com/news/4493554-osr-holdings-receives-nasdaq-notice-for-minimum-bid-price-non-compliance]
* OSR Holdings enters term sheet to acquire Woori IO [https://seekingalpha.com/news/4471363-osr-holdings-enters-term-sheet-to-acquire-woori-io]
* Financial information for OSR Holdings, Inc. [https://seekingalpha.com/symbol/OSRH/income-statement]