Shiteng Holdings plans to acquire Singapore Web3 companies to promote AI and DeFi business layout
Source: Odaily
Time: 2025-09-15 09:41:08
Odaily Planet Daily News: Hong Kong-listed company Shiteng Holdings announced that it has signed an investment letter of intent with a potential seller, intending to accelerate the company's expansion in the fields of artificial intelligence and decentralized finance through acquisitions. The transaction consideration will be paid in the form of allotment and issuance of new shares, accompanied by a three-year guarantee of income and profit. The target company was established in Singapore, focusing on the research and development of artificial intelligence, blockchain, DeFi and stablecoin technologies. It has developed and successfully launched the stablecoin platform and related infrastructure. The acquisition will still require due diligence and a final agreement to be signed before it can be implemented.