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An announcement from Valuetronics Holdings ( (SG:BN2) ) is now available.
Valuetronics Holdings Limited has announced a significant update regarding its joint venture, Trio AI Limited, which specializes in AI-related cloud services. A new investor, YH Inv Holdings Limited, will acquire a majority stake in Trio AI by subscribing to 15 million new shares, representing 51.73% of the enlarged share capital, for HK$15 million. This move aims to bolster Trio AI’s capital base and support its commercial expansion despite slower-than-expected market adoption. The new investment will result in an amended shareholders’ agreement to reflect the updated shareholding and governance structure.
More about Valuetronics Holdings
Valuetronics Holdings Limited, incorporated in Bermuda, operates in the technology sector, focusing on providing AI-related value-added cloud services through its joint venture, Trio AI Limited. The company leverages an equipment-leasing model to maintain an asset-light approach, positioning itself for commercial launch and enterprise workloads in Hong Kong.
Average Trading Volume: 1,182,707
Technical Sentiment Signal: Buy
Current Market Cap: S$382.2M
See more data about BN2 stock on TipRanks’ Stock Analysis page.