Cre8 Enterprise Completes Acquisition of LingXpert
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Cre8 Enterprise Completes Acquisition of LingXpert Language Services
Hong Kong, Hong Kong - Cre8 Enterprise Limited (Nasdaq: CRE), a Hong Kong-based integrated financial printing service provider, announced that its wholly owned subsidiary, Cre8 Incorporation Limited, has completed the acquisition of 100 percent of the issued shares of Lingxpert Language Services Limited.
The acquisition, valued at US$800,000 in cash, was finalized under a share purchase agreement. LingXpert is a Hong Kong-based firm providing translation services since 2011. The transaction is designed to strengthen Cre8's capacity to support clients on both IPO and non-IPO engagements, minimize operational bottlenecks, and reduce overhead costs through resource sharing.
Acquisition Highlights
- Acquired 100 percent of Lingxpert Language Services Limited.
- Purchase price of US$800,000 paid in full in cash.
- Expands in-house translation capacity and shortens turnaround times.
- Aims to optimize capital expenditures and scale operations effectively.
