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HONG KONG - TROOPS, Inc. (NASDAQ:TROO), a $101 million market cap company whose stock has declined nearly 80% over the past year, announced Thursday it has signed a non-binding Memorandum of Understanding to acquire a portfolio of UK property assets valued at approximately £40 million.
The proposed acquisition, signed on August 13, would involve a combination of cash consideration and issuance of TROOPS’ ordinary shares to eligible investors, according to a company press release.
This move follows TROOPS’ recent expansion into Asian markets, including investments in a Malaysian co-living operator in May 2025 and a 49% stake in a Taiwan-based co-working space in July 2025.
The UK property portfolio would add passive rental income to complement the company’s existing co-living and co-working operating models in Asia.
"The transaction remains subject to due diligence, definitive agreements, and customary closing conditions," the company stated.
TROOPS, Inc. describes itself as a Hong Kong-based conglomerate engaged in money lending, property investment, and the development of an online financial marketplace.
The company’s shares are listed on the Nasdaq under the ticker TROO.
In other recent news, TROOPS, Inc. has announced several significant developments. The company reported that its wholly-owned subsidiary, Giant Connection Limited, has signed a Letter of Intent to acquire a 49% stake in WORK, Inc., a co-working space operator based in Taiwan. This agreement includes a put option for the remaining 51% ownership, indicating potential future expansion. Additionally, TROOPS has received a $404.8 million judgment from the High Court of Hong Kong, with liabilities shared between TROOPS and its subsidiaries, SGOCO International (HK) Limited and Giant Connection Limited. In a separate development, TROOPS has finalized a stock purchase agreement with Wang & Lee Holdings, Inc., issuing 14,050,000 ordinary shares for $12,645,000. This transaction includes a lock-up agreement, restricting the sale of shares for a decade without prior consent. These recent developments highlight TROOPS’ strategic maneuvers in acquisitions and legal challenges.
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