Brief: Knorex Ltd Pursues Strategic Carve-Out Of Ascendx Publisher Monetization Business With External Growth Capital
28/09/2026 18:33
BRIEF-Knorex Ltd Pursues Strategic Carve-Out Of Ascendx Publisher Monetization Business With External Growth Capital Sept 28 (Reuters) - Knorex Ltd KNRX.A:
KNOREX LTD. PURSUES STRATEGIC CARVE-OUT OF ASCENDX PUBLISHER MONETIZATION BUSINESS WITH EXTERNAL GROWTH CAPITAL
KNOREX: PROPOSED STRUCTURE WOULD ELIMINATE NEED FOR KNOREX TO FUND ASCENDX’S FUTURE GROWTH WHILE ALLOWING CO TO RETAIN AN EQUITY INTEREST IN ASCENDX
KNOREX LTD: ASCENDX WOULD BE SEPARATED AND INDEPENDENTLY CAPITALIZED WITH INVESTMENT FROM EXTERNAL INVESTORS
Source text: [ID:n0001493152-26-044495]
Further company coverage: KNRX.A
((Reuters.Briefs@thomsonreuters.com;))
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