Stock Track | YSB Soars 5.4% on Acquisition of Folding Space for $156 Million

Stock Track10-17

Shares of YSB Inc (09885) surged 5.43% to close at a new high on Tuesday, following the company's announcement of acquiring Folding Space (Cayman) for RMB 1.035 billion ($156 million).

The acquisition is seen as a strategic move for YSB to expand its capabilities in the growing field of computational geometry and protein folding simulation. Folding Space is a leading provider of software for modeling the complex 3D structures of biomolecules like proteins and nucleic acids.

According to the announcement, YSB will pay RMB 784.5 million to Folding Space's founders, investors, and managers, while the remaining consideration will be settled through the issuance of new YSB shares. The acquisition is expected to bolster YSB's bioinformatics and computational biology offerings, potentially opening up new revenue streams in areas like drug discovery, protein engineering, and structural biology research.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1111706338?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-17 06:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1111706338","market":"us","top_or_hot":-1,"title":"Stock Track | YSB Soars 5.4% on Acquisition of Folding Space for $156 Million","media":"Stock Track","content":"<p>Shares of YSB Inc (09885) surged 5.43% to close at a new high on Tuesday, following the company's announcement of acquiring Folding Space (Cayman) for RMB 1.035 billion ($156 million).</p>\n\n<p>The acquisition is seen as a strategic move for YSB to expand its capabilities in the growing field of computational geometry and protein folding simulation. Folding Space is a leading provider of software for modeling the complex 3D structures of biomolecules like proteins and nucleic acids.</p>\n\n<p>According to the announcement, YSB will pay RMB 784.5 million to Folding Space's founders, investors, and managers, while the remaining consideration will be settled through the issuance of new YSB shares. The acquisition is expected to bolster YSB's bioinformatics and computational biology offerings, potentially opening up new revenue streams in areas like drug discovery, protein engineering, and structural biology research.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | YSB Soars 5.4% on Acquisition of Folding Space for $156 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | YSB Soars 5.4% on Acquisition of Folding Space for $156 Million\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-17 06:34 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of YSB Inc (09885) surged 5.43% to close at a new high on Tuesday, following the company's announcement of acquiring Folding Space (Cayman) for RMB 1.035 billion ($156 million).\nThe acquisition...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09885","symbol_name":"药师帮","start_time":0,"source_url":"","article_id":"1111706338","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111706338","pubTimestamp":1729118067,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of YSB Inc  surged 5.43% to close at a new high on Tuesday, following the company's announcement of acquiring Folding Space  for RMB 1.035 billion .The acquisition is seen as a strategic move for YSB to expand its capabilities in the growing field of computational geometry and protein folding simulation. Folding Space is a leading provider of software for modeling the complex 3D structures of biomolecules like proteins and nucleic acids.According to the announcement, YSB will pay RMB 784.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09885":"药师帮"},"translate_title":"YSB以1.56亿美元收购Folding Space股价飙升5.4%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09885":1},"content_text":"Shares of YSB Inc (09885) surged 5.43% to close at a new high on Tuesday, following the company's announcement of acquiring Folding Space (Cayman) for RMB 1.035 billion ($156 million).\nThe acquisition is seen as a strategic move for YSB to expand its capabilities in the growing field of computational geometry and protein folding simulation. Folding Space is a leading provider of software for modeling the complex 3D structures of biomolecules like proteins and nucleic acids.\nAccording to the announcement, YSB will pay RMB 784.5 million to Folding Space's founders, investors, and managers, while the remaining consideration will be settled through the issuance of new YSB shares. The acquisition is expected to bolster YSB's bioinformatics and computational biology offerings, potentially opening up new revenue streams in areas like drug discovery, protein engineering, and structural biology research.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1111706338"}