China Qidian Guofeng Holdings Ltd. Signs Non-Binding Letter of Intent for Potential Acquisition of AI Company
Reuters
Jul 10
China Qidian Guofeng Holdings Ltd. Signs Non-Binding Letter of Intent for Potential Acquisition of AI Company
China Qidian Guofeng Holdings Limited has announced the signing of a non-legally binding letter of intent concerning a potential acquisition of a 100% equity interest in an AI company. The acquisition aims to leverage the target company's mature AI technology and innovative business model to enhance synergies with China Qidian Guofeng's existing operations in the baijiu and financial education sectors. This strategic move is expected to accelerate the company's omni-channel integration and broaden its user base, establishing a new revenue growth engine. The acquisition consideration will be settled through the issuance of new shares listed on the Hong Kong Stock Exchange, with final terms subject to further negotiations and due diligence.
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