VONGROUP (00318): In Talks for Potential Stake Increase in Claman Global Limited and Investments in Tech Businesses

Stock News

Nov 24

VONGROUP (00318) announced that the group is currently in discussions regarding a potential acquisition to increase its stake in Claman Global Limited. Additionally, the group's technology division is exploring potential investments in several tech-related businesses, including an artificial intelligence data training operation and a fintech system platform.

As of the date of this announcement, no legally binding agreements have been signed concerning the potential stake increase or any possible investments. The terms of these transactions remain under negotiation and may or may not materialize.

Should the potential stake increase or any investments proceed, depending on the finalized terms, they may constitute a disclosable transaction under the listing rules. The company will issue further announcements in compliance with regulatory requirements as appropriate.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Additionally, the group's technology division is exploring potential investments in several tech-related businesses, including an artificial intelligence data training operation and a fintech system platform.</p>\n<p>As of the date of this announcement, no legally binding agreements have been signed concerning the potential stake increase or any possible investments. The terms of these transactions remain under negotiation and may or may not materialize.</p>\n<p>Should the potential stake increase or any investments proceed, depending on the finalized terms, they may constitute a disclosable transaction under the listing rules. 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