ICO Group Limited Announces Subscription of Preferred Shares in Weitu AI Inc.
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ICO Group Limited has announced a subscription agreement to acquire 34,479 preferred shares in Weitu AI Inc. for US$3,000,000, representing about 2.54% of Weitu's share capital. This transaction is significant under Hong Kong’s Listing Rules and indicates ICO Group's strategic investment in the technology sector. The current analyst rating for ICO Group (HK:1460) is a Buy with a price target of HK$0.50.
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