Indo Global Exchanges Pte Ltd (OTC:IGEX) Stock Gains Momentum: What’s the Buzz?
On Thursday morning, a number of companies are expected to come on the radars of investors for a variety of reasons, and one of those could well be Indo Global Exchanges Pte Ltd (OTC:IGEX). The company came into the news cycle on Wednesday after it announced that a control block in Indo Global Exchanges had been acquired by the European Institute for Entrepreneurship (EIE). The transaction had been signed officially by the representative of EIE, Antonio Sainz, and the Chief Executive Officer of Indo Global Exchanges on June 13, 2023. Eventually, it was raised to the level of a public deed on June 20, 2023.
It was noted in yesterday’s news release by the company that the strategic collaboration was a major milestone for both companies that further demonstrated their commitment towards leadership and growth. It was noted that the transaction was consistent with the overall corporate strategy of the company and would position it for better market presence as well as better shareholder value.
Sainz played a major role in the execution of the transaction. The company noted that his leadership of Indo Global Exchanges and expertise in negotiations had been major factors in the closure of the transaction. It was also noted that under the leadership of Sainz, the company would continue to thrive and aim to provide value to its shareholders. Sainz noted that everyone at the company was excited about the transaction.
The company had come into focus on October 31 after Indo Global Exchanges announced that it had tied up an agreement for the acquisition of Saint Andrews Holding. Calling the milestone a significant one in its growth strategy, Indo Global Exchanges also noted that it was completed under the leadership of Antonio Sainz, the CEO. It was revealed that Saint Andrews Holding was a holding company with a range of subsidiaries involved in the aquaculture space in Europe. It was noted that the acquisition would position Indo Global Exchanges as a major new player in the aquaculture industry.
Additionally, it would also help in bringing forth a range of synergies and further adding value to its existing portfolio. In the news release, it was noted by the company that the move was not only a demonstration of its commitment to growth but would also cement its position as a leader in the industry.
On September 14, the company was also in the news after it addressed its shareholders in a letter and announced a change in the control block of Indo Global Exchanges. The company noted in the letter that the change was an indication of its commitment to boosting corporate governance and bringing about steady growth. The company stated that it had made the decision after considerable discussions and deliberations between the board of directors of Indo Global Exchanges and its upper management. There had also been a lot of negotiations and discussions about the move with the internal controlling entity of the company.