Business
TIAN RUIXIANG Holdings Ltd. Enters Into Agreement to Acquire BEYOND COASTLINE HOLDINGS LIMITED
BEIJING, Nov. 05, 2025 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd. (Nasdaq: TIRX) (the “Company” or “TRX”) today announced that it has entered into a definitive agreement to acquire BEYOND COASTLINE HOLDINGS LIMITED (the “Target”), pursuant to which it will issue 7,200,000 Class A ordinary shares at a price of $2 per share. The closing of the transaction is anticipated to occur on or about November 5, 2025, or such other date as mutually agreed by the parties. The Target is a leading Southea
About this update from Target Corporation
[{"type":"text","content":"BEIJING, Nov. 05, 2025 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd. (Nasdaq: TIRX) (the “Company” or “TRX”) today announced that it has entered into a definitive agreement to acquire BEYOND COASTLINE HOLDINGS LIMITED (the “Target”), pursuant to which it will issue 7,200,000 Class A ordinary shares at a price of $2 per share. The closing of the transaction is anticipated to occur on or about November 5, 2025, or such other date as mutually agreed by the parties.","length":468,"tagName":"p"},{"type":"text","content":"The Target is a leading Southeast Asian new retail group with a strong local foundation and an experienced management team. Established in 2025, the company has developed a comprehensive ecosystem that integrates brand operation, e-commerce management, offline retail expansion, and influencer-driven marketing. Its business covers full-category brand distribution, cosmetics import and logistics, online-to-offline retail, and social commerce. The core members of the e-commerce team have over 15 years of experience in the cross-border e-commerce industry, Some are shareholders of SHEIN, while others come from Miniso's overseas promotion and product teams. The core supply chain team consists of senior R&D executives and quality managers from Fortune 500 companies in the 3C industry. It has close collaborations with over 10 KOLs with tens of millions of followers, over 20 KOLs with millions of followers, and over 200 KOCs. The GMV is projected to reach 150 million RMB by 2025.","length":994,"tagName":"p"},{"type":"text","content":"Mr. Baohai Xu, Director, Chairman and CEO of TRX, stated, “We are delighted to officially welcome BEYOND COASTLINE HOLDINGS LIMITED to the TRX family. The expansion into Indonesia and the broader Southeast Asian market marks a key milestone in TRX’s globalization strategy. With a young and digitally connected population, Southeast Asia stands as one of the world’s fastest-growing consumer economy. This acquisition not only enhances our exposure to the Southeast Asian consumer market but also creates meaningful synergies with our core insurance business. By integrating the Target’s consumer ecosystem into TRX’s digital insurance service framework, we aim to expand our customer reach, deepen engagement with C-end users, and create new cross-industry service touchpoints. This transaction ...