Supply@ME Capital (SYME.L) Comes With A New Announcement

In April 2021, Supply@ME Capital faced a severe decrease from 0.6000GBP to 0.3500 GBP. Since then, the share prices of the company couldn’t go over 0.4500 GBP. In general, 2021 is not a stable year for Supply@ME Capital. In contrast, it is full of surprise declines and growth. On the 12th of July, it opened at 0.3581 GBP and closed at 0.3340 GBP, which is lower by 7.22% from the previous close. The average volume is lower than the total volume of 46,7GBP million.

Supply@ME Capital plc, the innovative fintech platform that provides manufacturing and trading companies with Inventory Monetisation services, is delighted to announce that it has completed its acquisition of the entire issued share capital of TradeFlow Capital Management, the leading Singapore-based FinTech-powered commodities firm.

TradeFlow has been evaluated at about 31GBP million by an independent valuation firm, as previously reported. The parties agreed to settle the transaction price in cash and share. The Company has applied to the London Share Exchange to list 1,477,705,882 New Ordinary Shares, which constitute less than 5% of the Company’s outstanding share capital. The purchase allows SYME to improve its platform even further, allowing it to provide a worldwide inventory monetization solution that includes both inventory “in-transit” and warehoused products.

Lora Nilsson

Finance and Business reporter After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter

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