Rhea-AI Summary
Starrex International (CSE:STX, OTCQB:STXMF) announced the sale of its real estate appraisal management business to StoicLane for US$9.8 million. This strategic move follows an unsolicited offer and has received unanimous board approval, pending shareholder consent in a meeting slated for November 3, 2022. The transition is expected to close by the end of November 2022. Starrex aims to refocus on commercial and residential real estate opportunities post-transaction, enhancing shareholder value.
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FAQ
What is the current stock price of STARREX INTERNATIONAL (STXMF)?
STARREX INTERNATIONAL (STXMF) last closed at $0.0009.
What is the market cap of STARREX INTERNATIONAL (STXMF)?
The market cap of STARREX INTERNATIONAL (STXMF) is approximately $14.9K.