AB INTL Group Announces Repurchase of 300 Million Shares and Planning Spin-off of NFT MMM IP and AI Consulting Business
AB INTL GROUP CORP Common (ABQQ)
NASDAQ:AMEX Investor Relations:
missionir.com/blog/category/ab-international-group-corp-abqq
Company Research
Source: GlobeNewswire
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced the Company entered into Repurchase Agreements with four shareholders, all non-affiliates of the Company, pursuant to which the Company agreed to repurchase shares of their Common Stock, $0.001 par value, amounting to 300,000,000 shares for cancellation. The price to be paid by the Company under the Repurchase Agreements is $390,000, which will be funded with cash on hand. ABQQ today announced its intention to spin off its Non-Fungible Token (NFT) MMM IP and Artificial Intelligence (AI) Consulting division into a separate entity, with plans for this new company to go public. This strategic move aims to unlock shareholder value by allowing each business unit to pursue its own growth strategies independently while capitalizing on the burgeoning markets for NFTs and AI technologies. Details of the Spin-off: - Ent
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