Vongroup pivots toward AI with Slencor stake and consumer finance divestment
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Vongroup Limited has announced a strategic shift towards artificial intelligence by acquiring a 40% stake in Slencor AI Inc. for HK$24 million, while divesting a 60% interest in Vongroup Consumer Finance Corporation for the same amount. This transaction aims to enhance Vongroup's capabilities in AI data training and create cross-selling opportunities. The company also secured a right of first refusal for additional shares in Slencor AI, reflecting its commitment to technology and digital transformation initiatives.
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