Tian ruixiang holdings ltd enters into memorandum of understanding to acquire licensed insurance broker in hong kong

Beijing, jan. 08, 2024 (globe newswire) -- tian ruixiang holdings ltd (nasdaq: tirx) (the "company"), a china-based insurance broker conducting business through its variable interest entity in china, today announced that trx hongkong investment limited (“trx hongkong”), a wholly-owned subsidiary of the company, has entered into a memorandum of understanding (the “mou”) to acquire peak consulting services limited (the “target”), a licensed insurance brokerage in hong kong. the proposed acquisition demonstrates the company's strategic vision to expand into the hong kong insurance brokerage market.
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