Inno Holdings Inc. Expands into Electronic Product Trading and Acquires Lear Group Limited

Inno Holdings Inc. (NASDAQ: INHD) has announced its foray into electronic product trading and digital transformation initiatives. The Texas-based company recently disclosed in an 8-K SEC filing dated December 13, 2024, that it has ventured into electronic product trading and is actively pursuing digital transformation efforts.

The company has been focusing on diversifying its business interests and enhancing its sales and distribution network across Asia by expanding into electronic product trading. In recent transactions, Inno Holdings Inc. acquired 10,000 shares each of Lear Group Limited and Baymax High Technology Co., Limited, both Hong Kong-based companies, through separate agreements for a total consideration of $1,300 each. These acquisitions have enabled Inno to establish both Lear and Baymax as wholly-owned subsidiaries, supporting its strategic move into the electronic product trading sector.

The acquisition of Lear Group Limited and Baymax High Technology Co., Limited is part of Inno Holdings Inc.’s broader strategy to bolster its presence in electronic product trading. These acquisitions pave the way for the company to explore new business ventures and capitalize on emerging opportunities in the electronic products industry.

In a press release attached to the filing (Exhibit 99.1), Inno Holdings Inc. emphasized its commitment to innovation and enhancing services through technologies like artificial intelligence and advanced automation. The company aims to revolutionize the construction industry with its proprietary cold-formed steel framing technology while simultaneously venturing into new business lines such as electronic product trading.

Ding Wei, the CEO of Inno Holdings Inc., highlighted the company’s plans to broaden its trading capabilities by entering the electronic products industry. The company looks forward to collaborating with new partners to drive business growth and create additional value for stakeholders and shareholders.

Inno Holdings Inc., an emerging growth company listed on The Nasdaq Stock Market LLC under the symbol INHD, continues to explore opportunities in electronic product trading while solidifying its position in the market with innovative solutions and strategic acquisitions.

For more information on Inno Holdings Inc. and its recent developments, including its expansion into electronic product trading and digital transformation initiatives, interested parties can refer to the official website at innoholdings.com. Additionally, inquiries can be directed to [email protected].

Please note that forward-looking statements made by Inno Holdings Inc. are subject to various risks and uncertainties as detailed in the company’s filings with the Securities and Exchange Commission. Investors and stakeholders are advised to review all relevant information before making any investment decisions.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Inno’s 8K filing here.

Inno Company Profile

Inno Holdings Inc manufactures and sells cold-formed-steel members, castor cubes, mobile factories, and prefabricated homes in the United States. The company provides cold-formed steel framing and a mobile factory for off-site equipment rental, sales, service, and support. It serves in residential, commercial, industrial, and infrastructure projects.