Core Insights - NETCLASS Technology INC is relocating its corporate headquarters to Singapore effective September 1, 2025, to enhance its global expansion strategy [1][2][4] - The company has signed a non-binding Letter of Intent to acquire 51% of LBC International, a Vietnam-based retail management solutions provider, which is expected to accelerate its expansion in Vietnam and Southeast Asia [1][3][4] Group 1: Headquarters Relocation - The relocation to Singapore aims to strengthen access to core Asia-Pacific markets and foster connections with local innovation ecosystems, capital resources, and talent [2][4] - Singapore is viewed as a world-class innovation hub with a strong regulatory environment, making it an ideal base for the company's growth [4] Group 2: Acquisition of LBC International - The acquisition of LBC International is anticipated to enhance NETCLASS's footprint in Vietnam and generate recurring revenue across various retail verticals [3][4] - LBC International's expertise with Retail Pro POS is expected to create significant synergies that will drive long-term growth for NETCLASS [4]
NETCLASS TECHNOLOGY INC Announces Headquarters Relocation to Singapore and Planned Acquisition of Vietnam-based LBC International Company Limited