Lion Holdings plans to acquire a Singapore Web3 company to promote the layout of AI and Decentralized Finance business.

Odaily News Hong Kong-listed company LionTeng Holdings announced that it has signed a letter of intent for investment with a potential seller, aiming to accelerate the company's expansion in the fields of artificial intelligence and Decentralized Finance through acquisition. The transaction price will be paid in the form of the issuance of new shares and will be accompanied by a three-year revenue and profit guarantee. The target company was established in Singapore, focusing on the research and development of artificial intelligence, Blockchain, DeFi, and stablecoin technologies, having developed and successfully launched a stablecoin platform and related infrastructure. The acquisition is still subject to due diligence and the signing of a final agreement before it can be implemented.