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ICO Group Limited ( (HK:1460) ) has issued an announcement.
ICO Group Limited has issued a supplemental announcement regarding its previously disclosed subscription of preference shares in an AI-focused issuer valued at about US$124 million, clarifying that the target company’s core technology is an artificial intelligence system for video and visual interpretation capable of analysing multi-hour videos within seconds. The board detailed its basis for considering the valuation fair and reasonable, citing extensive due diligence on the issuer’s financials and system performance, the rapid uptake of its video AI application since its August 2025 public launch, and early traction with high-quality public-sector customers in Hong Kong and Singapore, which the company believes underscores strong market demand and significant potential for future revenue growth from this investment.
The most recent analyst rating on (HK:1460) stock is a Hold with a HK$0.28 price target. To see the full list of analyst forecasts on ICO Group Limited stock, see the HK:1460 Stock Forecast page.
More about ICO Group Limited
ICO Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands that operates in the information technology sector, leveraging its experience and expertise in IT to evaluate and invest in emerging technology businesses, including artificial intelligence solutions with commercial and public-sector applications.
Average Trading Volume: 2,186,070
Technical Sentiment Signal: Buy
Current Market Cap: HK$276.4M
See more data about 1460 stock on TipRanks’ Stock Analysis page.