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Sabien Technology Shares Gain After Establishing US Subsidiary

Sam Boughedda trader
Updated 22 Jul 2021

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Shares of AIM-listed Sabien Technology (LON: SNT) are gaining on Wednesday morning after the company announced it has incorporated Sabien, Inc, its wholly-owned US subsidiary in the State of Delaware.

US Investor and technology company operator, Danny Mills, has been appointed as President with Richard Parris as Chairman and Company Secretary.

Sabien Inc will be based in San Antonio, Texas snd will be used to source merger and acquisition opportunities for the group in the US while also building and operating distribution channels.

“Having worked in many industries throughout my career, including the oil and gas industry in Texas, and the technology industry across many verticals, I believe Texas to be the ideal centre for growing Sabien, Inc., given its technology friendly business climate coupled with its energy industry focus,” commented Sabien Inc’s President, Danny Mills.

Energy efficiency firm, Sabien Technology’s share price is up 5.91% at 0.1165p following the announcement.

Should you invest in Sabien Technology shares? Sabien Technology shares are traded on the AIM market of the London stock exchange (the alternative investment market) which is the sub market specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Sabien Technology shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.