Brief: HeartCore Announces Definitive Agreement To Acquire 51% Of Leading Digital IT Solutions Provider Sigmaways

HeartCore Enterprises

08/09/2022 21:12

Sept 8 (Reuters) - HeartCore Enterprises Inc  HTCR.O :
    * HEARTCORE ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE 51% OF
LEADING DIGITAL IT SOLUTIONS PROVIDER SIGMAWAYS
    * HEARTCORE ENTERPRISES - FOLLOWING CLOSING, HEARTCORE
EXPECTS TO
REDUCE PRODUCTION COSTS, TRANSITIONING FROM OUTSOURCING TO
LEVERAGING SIGMAWAYS' TEAM
    * HEARTCORE ENTERPRISES INC - ACQUISITION WOULD EXPAND
OPERATIONAL
FOOTPRINT IN U.S., EXPECTED TO ADD SIGNIFICANT REVENUE TO
HEARTCORE'S TOP LINE
    * HEARTCORE ENTERPRISES INC - HEARTCORE IS EXPECTED TO
ACQUIRE 51%
OF SIGMAWAYS IN A CASH AND STOCK TRANSACTION

Source text for Eikon:  ID:nGNX9t21wz 
Further company coverage:  HTCR.O 

 ((Reuters.Briefs@thomsonreuters.com;))