Prenetics Transfers Ownership of Geneomics Project to Delta Electronics
Breakthrough Transaction Information in the Cryptocurrency Market
On June 18, investors witnessed a major turning point when consumer health company Prenetics (NASDAQ: PRE) announced the final agreement to transfer control of the genetic project ACT Genomics Holdings to Taiwan's multi-industry group, Delta Electronics (TWSE: 2308). The total transaction value reached 71.78 million USD.
Impact on Prenetics' Financial Position
After completing the deal, Prenetics is expected to receive approximately 46 million USD in cash. This helps the company raise its remaining cash reserve to 86 million USD while increasing its short-term assets to 117 million USD, maintaining a debt-free position, and facilitating the expansion of innovative financial strategies.
Potential for Cryptocurrency Usage in Financial Strategy
CEO Danny Yeung emphasized that this large cash reserve will create a solid foundation for Prenetics to leverage breakthrough financial solutions, particularly in managing digital asset portfolios like Bitcoin. The cryptocurrency reserve is expected to help the company operate towards executing blockchain strategies while maximizing profits from these activities.
The Future of Prenetics in the Cryptocurrency Market
With abundant cash flow after the deal, Prenetics can expand its investment scope into potential cryptocurrencies, enhance cash flow management efficiency, and lead the trend towards blockchain-based financial instruments. This will increase sustainability and strategic leverage to compete in the digital health and financial technology markets.
Source: https://tintucbitcoin.com/prenetics-mua-act-genomics-tang-von-bitcoin/
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