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AIB Acquisition Corp - AIB STOCK NEWS

Welcome to our dedicated news page for AIB Acquisition (Ticker: AIB), a resource for investors and traders seeking the latest updates and insights on AIB Acquisition.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AIB Acquisition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AIB Acquisition's position in the market.

Rhea-AI Summary
PSI Group Holdings Ltd (PSI) and AIB Acquisition Corporation (Nasdaq: AIB) have entered into a definitive agreement for a business combination, forming PS International Group Ltd. PSI, a global logistics service provider, specializes in cross-border air freight services and is focused on growing cross-border e-Commerce capacities. The company booked US$67.1 million in revenue for the six months ended June 30, 2023, with a year-on-year growth of 36%. PSI's profit margin continues to grow significantly, with a gross profit of US$7.6 million for the same period, marking a year-on-year growth of 106%. The Business Combination values PSI at a total pre-money enterprise value of approximately US$200 million.
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Rhea-AI Summary
PSI Group Holdings Ltd (PSI) and AIB Acquisition Corporation (Nasdaq: AIB) have entered into a definitive agreement for a business combination, forming PS International Group Ltd. PSI, a global logistics service provider, specializes in cross-border air freight services and is focused on growing cross-border e-Commerce capacities. The company booked US$67.1 million in revenue for the six months ended June 30, 2023, with a year-on-year growth of 36%. PSI's profit margin continues to grow significantly, with a gross profit of US$7.6 million for the same period, marking a year-on-year growth of 106%. The Business Combination values PSI at a total pre-money enterprise value of approximately US$200 million.
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AIB Acquisition Corp

Nasdaq:AIB

AIB Rankings

AIB Stock Data

41.79M
652.62k
9.57%
29.68%
0.02%
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