VONGROUP (00318): In negotiations regarding potential investment in increasing stake in Claman Global Limited and certain technology businesses.
Huanghe Industry (00318) has issued an announcement that the group is currently in the process of increasing its stake in Claman Global Lim...
VONGROUP (00318) announces that the group is currently in discussions regarding a potential acquisition transaction to increase its stake in Claman Global Limited. The group's technology division is also in discussions regarding potential investments in several technology businesses, including a business engaged in artificial intelligence data training and a business engaged in financial technology system platforms.
As of the date of this announcement, the group has not entered into any legally binding agreements regarding the potential acquisition transaction or any possible investments. The terms of the potential acquisition transaction and possible investments are still being negotiated and may or may not materialize. If the potential acquisition transaction or any possible investments proceed, depending on the terms involved, they may constitute transactions that require disclosure under listing rules. The company will issue further announcements in accordance with the listing rules at the appropriate time.
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