Beeline Holdings shares fall 2.00% intraday after CG Cell Technologies terminated acquisition of Beeline Kyrgyzstan.
ByAinvest
Wednesday, Aug 13, 2025 11:36 am ET1min read
BLNE--
Beeline Holdings, Inc. declined 2.00% in intraday trading, following the termination of the acquisition of 50.1% stake in Beeline Kyrgyzstan from VEON Ltd. by CG Cell Technologies DAC on August 13, 2025. The termination of the acquisition deal, which was initially signed on March 26, 2024, for $32 million, indicates a significant setback for the company's expansion plans in the Kyrgyzstan market.
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