KPEA(.29)...updates, stores opening, third acquisition target......
For some reason the company had stopped posting corporate updates on its website, starting around the beginning of this year. But over this weekend KPEA has resumed those updates. During that almost 3-month period the company was actually putting out updates. I will post a link below to a source that I was using to monitor those updates (also includes videos the company was producing).
The draconian shutdowns in China due to the pandemic obviously impacted the company, especially the plans it had to open physical stores. But now that things appear to be opening up better and logistics/supply issues are improving, hopefully operational activity at the company can show improvement.
Based on some of the updates that were issued since the beginning of 2023, it appears that KPEA has identified its third acquisition target (a software development company that has developed a life services app). During the month of February at least 5 or 6 physical stores were opened, with the general goal of having 100 stores opened during 2023. It also looks like KPEA has entered into a cooperation agreement with a large, well-established financial services firm.
Some items of interest from one of the updates......
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