Manycore Tech Enters Cooperation Framework Agreement With Goldstream
Manycore Tech (HKG:0068) is exploring a partnership with Goldstream Investment (HKG:1328) on global business expansion, the establishment of a venture capital fund, and capital markets cooperation, according to a Sunday filing with the Hong Kong bourse.The China-based cloud-native spatial design software provider's shares gained over 15% in late morning trade Monday.The partnership would involve leveraging resources in global furniture supply chains and the consumer industry to expand Manycore Tech's global business expansion and overseas customer acquisition capabilities.Meanwhile, the proposed venture capital will focus on investing in early- to growth-stage projects related to spatial intelligence and AI-related technologies.The framework is subject to definitive agreements, Manycore said.
