Tengyun Technology Accelerates Fintech and AI with Acquisition of CRAFT AI SOLUTIONS Equity

ASEAN Finance Special Report (Total 300 articles)

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(Central News Agency, Taipei, May 13) Tengyun Technology, a digital transformation solution provider, stated today that based on strategic investment and deepening and accelerating its deployment of Fintech and AI in Southeast Asia, its board of directors resolved to approve the acquisition of equity in CRAFT AI SOLUTIONS PTE. LTD., holding approximately 20.1% of the shares.

Tengyun pointed out that it plans to acquire 452,710 common shares of CRAFT AI SOLUTIONS, with the total transaction amount not exceeding US$5.1 million.

CRAFT AI SOLUTIONS is a software and data analytics enterprise registered in Singapore, with its main businesses including data analysis, data processing, and software and application development. 1150513

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