Incredible Holdings announces possible reverse takeover by Hong Kong AI company
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Incredible Holdings, an electronics and consumer goods company, may undergo a reverse takeover by Hong Kong's Cambridge Artificial Intelligence Company Limited. They have signed a non-binding memorandum of understanding to explore this strategic transaction. The discussions are preliminary, focusing on feasibility and potential financial support. Incredible is also reviewing other strategic alternatives to enhance shareholder value. The company has faced challenges, including a volatile history and suspended trading since September 2022.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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