According to Foresight News, Hong Kong-listed Lion Group Holdings has announced its intention to acquire a company to advance its AI and DeFi business initiatives. The acquisition proposal includes a three-year revenue and profit guarantee from the management and founders of the target group. The acquisition cost will be settled through the issuance of new company shares. The deal is contingent upon further due diligence and the signing of a final agreement.
The target group, based in Singapore, is recognized for its leadership in software innovation and ecosystem development in artificial intelligence, blockchain, decentralized finance, and stablecoin technologies. It has successfully developed and launched a stablecoin platform and infrastructure.