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DL to acquire a HK-based AI company at valuation of US$10M

10 Dec 2023

DL Holdings Group announced that on December 8, 2023, its wholly-owned subsidiary DL Digital Family Office has entered into an acquisition MOU with Chain of Demand, a leading artificial intelligence data analysis and financial services company in Hong Kong. The MOU outlines the acquisition of all the equity, technology, and intellectual property rights of Chain of Demand in exchange for shares, at a consideration not exceeding US$10 million. The objective of this acquisition is to further enhance the development of the artificial intelligence family office system (DL-GPT) and its related applications, while advancing the digitalization of the Group's transformation strategy. This strategy aims to establish a global ecosystem for artificial intelligence asset management and wealth inheritance.


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