Mint Enters Into Non-Binding MOU With Ascendze, Outlining Intention To Acquire Controlling Or Majority Equity Stake In Ascendze; Terms Not D

Mint Incorporation Limited (("Mint" or the "Company", together with its subsidiaries, the "Group", NASDAQ: MIMI ), a Hong Kong-based company strategically focused on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, today announced that it has entered into a non-binding Memorandum of Understanding (the "MOU") with Ascendze Pte. Ltd. ("Ascendze"), a Singapore-based company that focuses on the semiconductor industry and its associated manufacturing processes, serving a range of well-known global customers such as Fabrinet Co., Ltd. The MOU outlines Mint’s intention to acquire a controlling or majority equity stake in Ascendze, establishing it as Mint’s primary platform for strategic expansion and investment in Singapore’s technology sector. The proposed partnership will focus on advancing chip production technologies, robo...