Serial Achieva signs AI and cloud cooperation MOU with UFCT Technology Co. Ltd

Reuters03-16 00:22

Serial Achieva signs AI and cloud cooperation MOU with UFCT Technology Co. Ltd

Serial Achieva has signed a non-binding memorandum of understanding with UFCT Technology to pursue long-term cooperation in AI, cloud computing and advanced storage technologies. The parties plan joint enterprise business development with cloud service providers, data centres and system integrators, and will also explore product and supply chain synergies. They also said they will explore potential capital collaboration, including UFCT possibly increasing its shareholding over the next two to three years. Separately, UFCT agreed to subscribe for 21,004,873 new shares in Serial Achieva at SGD 0.22 per share for about SGD 4.62 million. The subscription shares would represent about 11% of the enlarged share capital upon completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Serial Achieva Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GAILITVABRM9Q0GH) on March 15, 2026, and is solely responsible for the information contained therein.

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