Ming Shing Group Signs LOI for US$130 Million AI Acquisition

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2026.01.14 14:57
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Ming Shing Group Holdings Limited has signed a non-binding letter of intent to acquire StoryFlow Technology Limited for US$130 million. StoryFlow specializes in AI infrastructure and knowledge retrieval. The acquisition is subject to due diligence and may be settled in cash or other forms. This move aims to enhance Ming Shing's technology capabilities and revenue streams. Currently, MSW stock holds a Hold rating with a $1.50 price target, but analysts express concerns over its financial performance and technical indicators.