TIPS - Tianrong Internet surges after acquisition by Wilton Management

Tianrong Internet Products and Services (OTCPK:TIPS +6.5%) has surged following its acquisition by Wilton subsidiary, Wilton Management. Tianrong Internet is a medtech and medical device investment company. As a result of the deal, Wilton now holds 59% of TIPS common stock. Commenting on the acquisition, Wilton CEO and Managing Partner Tony Flanagan stated, "Wilton is delighted to announce its acquisition of TIPS, which we intend to develop into a leading investor in innovative, private company, tactical MedTech and medical device opportunities. We have a pipeline of European based opportunities progressing through our investment appraisal process, that we believe to offer exciting return potential for TIPS alongside and because of the medical advancements being developed. Wilton's network gives us access to extensive healthcare and MedTech experience and investment expertise to advance TIPS' investment objectives. We expect to make further announcements in the coming weeks as we take steps to implement TIPS'

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Tianrong Internet surges after acquisition by Wilton Management