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Incredible Holdings Ltd. ( (SG:RDR) ) has issued an update.
Incredible Holdings Ltd. has signed a non-binding memorandum of understanding with Hong Kong-based Cambridge Artificial Intelligence Co., Ltd. to explore a potential strategic transaction that could include a reverse takeover, as part of its ongoing efforts to reposition its business and boost long-term shareholder value. The MOU enables preliminary due diligence on Cambridge AI’s technology-enabled platforms business—which spans artificial intelligence applications, digital financial and payment technologies, new media and data-driven services, and agricultural and wellness solutions—and opens discussions on potential loan-based financial support, though no binding commitments have been made and any deal remains subject to further review and definitive agreements, with no director or substantial shareholder having a special interest in the matter.
More about Incredible Holdings Ltd.
Incredible Holdings Ltd., incorporated in Singapore, is currently in the midst of repositioning its business and is reviewing various strategic alternatives aimed at enhancing long-term shareholder value, including the possibility of undertaking a reverse takeover or other strategic transactions.
Current Market Cap: S$5.99M
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