IVD Medical Holding Proposes Investment in AI Liquid Cooling Technology

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IVD Medical Holding Proposes Investment in AI Liquid Cooling Technology

MT Newswires Live2024-12-31

IVD Medical Holding (HKG:1931) has entered into a non-legally binding memorandum of understanding (MOU) with Believe In AI Technology to explore investing in a private company focused on artificial intelligence high-density arithmetic liquid-cooling solutions, according to its filing on Monday.

For six months, the vendor will exclusively negotiate with IVD Medical, assisting in due diligence for the potential acquisition of shares in the target company.

A deposit of HK$10 million will be made by IVD Medical, which is refundable if no formal agreement is reached or due diligence is unsatisfactory by March 31, 2025.

The target company's technology is expected to synergize with IVD Medical's operations, enhancing medical equipment performance and energy efficiency. The MOU includes clauses on exclusivity and confidentiality but requires a formal agreement for the investment to proceed.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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