TechFlow news, September 15 — Lion Tech Holdings, a listed company on the Hong Kong stock exchange, announced it has entered into a letter of intent with a potential seller to advance the company's AI and DeFi business development.
As part of the proposed acquisition, the management team and the target group's founder will provide a three-year revenue and profit guarantee. The consideration for the proposed acquisition will be satisfied by the allotment and issuance of new shares in the company. The proposed acquisition is subject to further due diligence and the execution of a final agreement before becoming effective. The target group, established in Singapore, is a leader in accelerating software innovation and ecosystem development in artificial intelligence, blockchain, decentralized finance, and stablecoin technologies, including the development and successful launch of stablecoin platforms and infrastructure.
