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SGX:K29

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Asia

Karin Technology Extends Exclusivity Period for Proposed Acquisition of Hong Kong Firms

Karin Technology (SGX:K29) extended the exclusivity period for its proposed acquisitions of two Hong Kong IT companies to Dec. 31 from Sept. 15.The company said it remains in discussions with the respective parties with a view to entering into definitive agreements, according to a Tuesday filing.The proposed acquisitions remain subject to negotiations and the execution of definitive agreements, with no assurance that the deals will proceed.

SGX:K29
Asia

Karin Technology in Talks to Buy Hong Kong IT Firms

Karin Technology (SGX:K29) signed non-binding memoranda of understanding to potentially buy two IT companies in Hong Kong, according to a Tuesday filing with the Singapore Exchange.The electronic components distributor is exploring the acquisition of an agentic AI platform developer and an application programming interface (API) company.The parties are seeking to reach a formal agreement within the exclusivity period, which expires on Sept. 15.

SGX:K29

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