Onfolio Holdings Inc. announced on October 22, 2024, the successful completion of its previously disclosed transaction to acquire a majority interest in the assets of Eastern Standard LLC. This acquisition integrates Eastern Standard's digital marketing services into Onfolio's diversified portfolio of online businesses.
Eastern Standard specializes in providing clients with digital marketing services, including integrated branding and digital customer experiences. The completion of this acquisition is a key step in Onfolio's strategic pivot towards expanding its B2B service offerings.
This transaction is expected to contribute to Onfolio's consolidated financial results moving forward, aligning with the company's strategy to acquire and manage online businesses that offer long-term growth opportunities and stable cash flows.
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