ICO Group Takes Minority Stake Through Preference Share Subscription
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ICO Group Ltd. has announced a transaction involving the subscription of preference shares in an AI-focused issuer. The company conducted due diligence on the issuer's business and financial condition. The issuer has secured contracts with public sector entities in Hong Kong and Singapore. The board views the issuer's achievements and growth potential positively. The transaction includes the subscription of preference shares, with careful review of valuation assumptions.
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