Posted on: 09 Jan 19
- Rapidly-growing financial advisory firm confirms Dubai acquisition
- CEO confirms reverse split activated ahead of listing on NASDAQ
- New entity has been rebranded as Woodbrook Group Holdings INC
Woodbrook Group, a rapidly-growing international firm of financial consultants, is establishing its first base in the Middle East with the imminent acquisition of a Dubai-based financial services company.
The move marks Woodbrook’s first significant expansion in 2019, with further acquisitions planned for Latin America and Ireland later this year.
Last month the group, under partnership with Inter-M & Associates, confirmed it had purchased a US-domiciled company as it prepares for an RPO listing on the NASDAQ Exchange.
The US company, NHPI, has been renamed as Woodbrook Group Holdings Inc [stock ticker WDBG].
Welcoming the latest developments, Woodbrook CEO Michael Doherty confirmed the newly-restructured entity is preparing an application to make a public offering on the NASDAQ before the end of the first quarter.
Mr Doherty said: “We are delighted to announce the name change from NHPI to Woodbrook Group Holdings Inc. Everything is now in place for the next stage to proceed. A reverse split has already been activated in order to reduce the share numbers down, a necessary requirement for all parties involved in taking the next steps forward. With the Dubai acquisition this month, 2019 is set to be a very exciting year for the group and Inter-M.”
Woodbrook is headquartered in Cyprus and has offices in in Budapest, Warsaw, Bucharest, Bratislava, Marbella, Geneva, Switzerland and Ho Chi Minh City, Vietnam.
The group provides a complete suite of financial and corporate services for its expanding client-base. It specialises in comprehensive financial planning, investment consultancy services, wealth planning, trust and trustee services, company formation and administration, cross-border structuring, domiciliation, taxation, accounting and many others. It also assists with audit and legal services.
Woodbrook is regulated by the Cyprus Securities and Exchange Commissioner (CySEC). It holds a MiFID II investment license passported through the EEA along with IMD insurance mediation licenses through ICCS and IHK.
SAFE HARBOR DISCLOSURE STATEMENT
This press release includes forward-looking statements. Such forward-looking statements include those that express plans, anticipation, intent, contingency, goals, targets or future development and/or otherwise are not statements of historical fact. These forward-looking statements are based on our current expectations and projections about future events and they are subject to risks and uncertainties known and unknown that could cause actual results and developments to differ materially from those expressed or implied in such statements. Such risks and uncertainties include, but are not limited to, the impact of competitive firms, the ability to meet regulatory requirements, the ability to manage growth, the ability to acquire and retain clientele, acquisitions of technology, equipment, or human resources, the ability to access new capital, the effect of economic business conditions, and the ability to attract and retain skilled personnel. We are not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this presentation.
Woodbrook Group, regulated by CySEC also has expertise in Investment and Wealth Planning, QROPS, SIPPS, Trust and Trustee Services, Taxation, Accounting, Audit and Legal services, Company Formation and Administration, Cross-Border Structuring, Domiciliation and Corporate Services among many others.
Cyprus. Head Office Limassol. Berengaria 25, 25 Spyrou Araouzou, 6th Floor. 3036 Limassol. Cyprus Web: www.woodbrookgroup.com • Email: email@example.com