Paramatrix Technologies Limited — JV/Acquisition, 02-04-2025: Acquisition

Paramatrix Technologies Limited, via its wholly-owned subsidiary in Hong Kong, has announced a board meeting on April 2, 2025, to approve the acquisition of 510 equity shares of Paramatrix Technologies KK in Japan for ¥5.1 million, which represents a 51% stake. This strategic acquisition aims to enhance Paramatrix's global footprint and expand into new industry verticals, focusing on providing high-quality software applications to large corporate clients. The transaction is expected to strengthen operational capabilities, although the target entity has yet to commence business operations. The acquisition is set to be completed shortly, pending payment by April 5, 2025.