Asia
Vongroup Swaps Finance Unit Stake for 40% of Slencor AI in HK$24 Million Deal
Vongroup (HKG:0318) acquired a 40% stake in Slencor AI for HK$24 million while disposing of a 60% interest in Vongroup Consumer Finance Corporation for the same amount, under a share swap arrangement, according to a Monday Hong Kong bourse filing.The transaction included a right of first refusal to acquire additional shares in Slencor AI, with total exercise capped at HK$120 million.Completion took place upon signing, with considerations offset against each other.Slencor AI is engaged in artificial intelligence-related businesses, including agentic data training and reinforcement learning from human feedback.Vongroup will account for its interest as an associate following completion, the filing said.
HKG:0318
