$WDBG NEWS! WOODBROOK CONFIRMS MIDDLE EAST EXPANSION – Press release 09.01.2019
Rapidly-growing financial advisory firm confirms Dubai acquisition
CEO confirms reverse split activated ahead of listing on NASDAQ
New entity has been rebranded as Woodbrook Group Holdings INC
Woodbrook Group, a rapidly-growing international firm of financial consultants, is establishing its first base in the Middle East with the imminent acquisition of a Dubai-based financial services company.
The move marks Woodbrook’s first significant expansion in 2019, with further acquisitions planned for Latin America and Ireland later this year.
Last month the group, under partnership with Inter-M & Associates, confirmed it had purchased a US-domiciled company as it prepares for an RPO listing on the NASDAQ Exchange.
The US company, NHPI, has been renamed as Woodbrook Group Holdings Inc [stock ticker WDBG].
Welcoming the latest developments, Woodbrook CEO Michael Doherty confirmed the newly-restructured entity is preparing an application to make a public offering on the NASDAQ before the end of the first quarter.
Mr Doherty said: “We are delighted to announce the name change from NHPI to Woodbrook Group Holdings Inc. Everything is now in place for the next stage to proceed. A reverse split has already been activated in order to reduce the share numbers down, a necessary requirement for all parties involved in taking the next steps forward. With the Dubai acquisition this month, 2019 is set to be a very exciting year for the group and Inter-M.”
Woodbrook is headquartered in Cyprus and has offices in in Budapest, Warsaw, Bucharest, Bratislava, Marbella, Geneva, Switzerland and Ho Chi Minh City, Vietnam.
The group provides a complete suite of financial and corporate services for its expanding client-base. It specialises in comprehensive financial planning, investment consultancy services, wealth planning, trust and trustee services, company formation and administration, cross-border structuring, domiciliation, taxation, accounting and many others. It also assists with audit and legal services.
Woodbrook is regulated by the Cyprus Securities and Exchange Commissioner (CySEC). It holds a MiFID II investment license passported through the EEA along with IMD insurance mediation licenses through ICCS and IHK.