AB INTL Group Announces Repurchase of 300 Million Shares and Planning Spin-off of NFT MMM IP and AI Consulting Business
AB International Group (OTC: ABQQ) announced two major strategic moves: a share repurchase agreement and a business spin-off plan. The company will repurchase 300 million shares from four non-affiliate shareholders for $390,000 using cash on hand. Additionally, ABQQ plans to spin off its NFT MMM IP and AI Consulting division into a separate entity, tentatively named AB Digital Innovations, which will pursue its own IPO. The new company will focus on NFT marketplaces and AI consulting services, particularly in film production and distribution. The spin-off aims to provide existing ABQQ shareholders with shares in the new entity while potentially unlocking higher market valuations through specialized investment opportunities.
AB International Group (OTC: ABQQ) ha annunciato due importanti mosse strategiche: un accordo di riacquisto di azioni e un piano di scissione aziendale. L'azienda riacquisterà 300 milioni di azioni da quattro azionisti non affiliati per 390.000 dollari utilizzando liquidità disponibile. Inoltre, ABQQ prevede di scindere la propria divisione NFT MMM IP e AI Consulting in un'entità separata, provvisoriamente chiamata AB Digital Innovations, che perseguirà il proprio IPO. La nuova azienda si concentrerà sui mercati NFT e sui servizi di consulenza AI, in particolare nella produzione e distribuzione cinematografica. La scissione mira a fornire agli attuali azionisti di ABQQ azioni nella nuova entità, sbloccando potenzialmente valutazioni di mercato più elevate tramite opportunità di investimento specializzate.
AB International Group (OTC: ABQQ) anunció dos movimientos estratégicos importantes: un acuerdo de recompra de acciones y un plan de escisión empresarial. La compañía recomprará 300 millones de acciones de cuatro accionistas no afiliados por 390,000 dólares usando efectivo disponible. Además, ABQQ planea escindir su división de NFT MMM IP y Consultoría de IA en una entidad separada, provisionalmente llamada AB Digital Innovations, que perseguirá su propia OPI. La nueva empresa se centrará en los mercados de NFT y en los servicios de consultoría de IA, especialmente en la producción y distribución de películas. La escisión tiene como objetivo proporcionar a los accionistas actuales de ABQQ acciones en la nueva entidad, al mismo tiempo que potencialmente desbloquea valoraciones de mercado más altas a través de oportunidades de inversión especializadas.
AB International Group (OTC: ABQQ)는 두 가지 주요 전략적 조치를 발표했습니다: 자사주 매입 계약과 사업 분할 계획입니다. 회사는 3억 주의 주식을 비계열 주주 네 명으로부터 390,000 달러를 사용하여 자산으로 매입할 예정입니다. 또한 ABQQ는 NFT MMM IP와 AI 컨설팅 부서를 별도의 법인으로 분할할 계획이며, 임시로 AB 디지털 혁신(BD Digital Innovations)이라는 이름을 붙여 자신만의 IPO를 진행할 것입니다. 새로운 회사는 NFT 시장과 AI 컨설팅 서비스에 집중하며, 특히 영화 제작 및 배급 분야에서 활동할 예정입니다. 이번 분할은 기존 ABQQ 주주에게 새로운 법인의 주식을 제공하는 동시에, 전문 투자 기회를 통해 더 높은 시장 가치 평가를 잠재적으로 열어줄 것을 목표로 하고 있습니다.
AB International Group (OTC: ABQQ) a annoncé deux mouvements stratégiques majeurs : un accord de rachat d'actions et un plan de scission d'entreprise. La société rachètera 300 millions d'actions de quatre actionnaires non affiliés pour 390 000 dollars en utilisant ses liquidités disponibles. De plus, ABQQ prévoit de démanteler sa division NFT MMM IP et Consultance en IA en une entité distincte, provisoirement nommée AB Digital Innovations, qui poursuivra sa propre IPO. La nouvelle entreprise se concentrera sur les marchés NFT et les services de consultation en IA, en particulier dans la production et la distribution cinématographique. La scission vise à fournir aux actionnaires existants d'ABQQ des actions dans la nouvelle entité tout en débloquant potentiellement des évaluations de marché plus élevées grâce à des opportunités d'investissement spécialisées.
Die AB International Group (OTC: ABQQ) gab zwei wichtige strategische Schritte bekannt: eine Vereinbarung zum Aktienrückkauf und einen Plan zur Unternehmensspaltung. Das Unternehmen wird 300 Millionen Aktien von vier nicht verbundenen Aktionären für 390.000 Dollar mit verfügbarer Liquidität zurückkaufen. Darüber hinaus plant ABQQ, seine NFT MMM IP und AI Consulting-Abteilung in eine separate Einheit auszugliedern, die vorläufig den Namen AB Digital Innovations trägt und ein eigenes IPO anstrebt. Das neue Unternehmen wird sich auf NFT-Marktplätze und KI-Consulting-Dienstleistungen konzentrieren, insbesondere in der Filmproduktion und -verteilung. Die Ausgliederung zielt darauf ab, den bestehenden ABQQ-Aktionären Aktien der neuen Einheit zur Verfügung zu stellen und gleichzeitig möglicherweise höhere Marktbewertungen durch spezialisierte Anlagemöglichkeiten freizusetzen.
- Share repurchase of 300M shares demonstrates confidence in company value
- Strategic spin-off could unlock shareholder value through specialized market focus
- Shareholders will receive shares in the new spin-off company
- Company has sufficient cash on hand to fund the $390,000 share repurchase
- Cash expenditure of $390,000 for share repurchase reduces company's liquid assets
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,
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:
- Entity Name: The new entity, tentatively named AB Digital Innovations, will focus exclusively on the development and commercialization of NFT marketplaces, AI consulting services, and related intellectual properties.
- Business Model: AB Digital Innovations will leverage ABQQ's existing infrastructure in the NFT IP space, including the NFT Movie and Music Marketplace (NFT MMM), and expand into broader AI consulting services aimed at enhancing film production, distribution, and consumer engagement through AI technologies.
- Strategic Rationale: The spin-off is designed to provide clearer market focus, potentially attract specialized investment, and offer investors a pure-play opportunity in the rapidly evolving sectors of digital assets and AI.
- Public Offering: Details regarding the timing and terms of the initial public offering (IPO) for AB Digital Innovations will be communicated in due course. The company is currently preparing the necessary documentation and regulatory compliance activities for listing.
Benefits for Existing ABQQ Shareholders:
1. Value Unlocking:
- The spin-off, bolstered by significant external investment, is expected to more clearly delineate the value of each business segment, potentially leading to increased market valuation for shareholders.
2. Investment Opportunity:
- Shareholders will receive shares in AB Digital Innovations, providing them not only with a stake in a new high-growth area but also the benefits from a substantial investment in the company.
3. Higher Potential Returns:
- The investment and spin-off could lead to higher returns for shareholders as both entities can now pursue more aggressive growth strategies tailored to their niche markets.
4. Increased Market Attention:
- The significant investment underscores the market's confidence in the potential of AB Digital Innovations, likely drawing additional interest from investors, which could enhance stock liquidity and market visibility.
Chiyuan Deng, CEO of AB International Group Corp., stated, "This spin-off is a testament to our commitment to innovation and growth. By separating our NFT and AI initiatives, we believe we can better tailor our strategies to meet the unique demands of these markets, thereby enhancing value for our stakeholders."
Charles Tang, Investor Relations, added, "We are excited about the potential this separation offers. It allows us to directly tap into the investor interest in NFTs and AI, sectors that are seeing unprecedented growth and investor enthusiasm."
About AB International Group Corp.
AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged in acquisition and distribution of movies. The company owns the IP of the NFT movie and music marketplace (NFT MMM) as the unique entertainment industry Non-Fungible Token. The Company operates AB Cinemas, physical movie theaters currently in NY with plans to expand nationwide (www.abcinemasny.com). The company also owns ABQQ.TV which is a movie and TV show online streaming platform. ABQQ TV generates revenue through a hybrid subscription model and advertising model like other online streaming platforms.
For additional information, visit www.abqqs.com, www.abcinemasny.com, www.stareast.io and www.ABQQ.tv.
Forward-Looking Statements
This press release contains “forward-looking statements” that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company’s management team and statements relating to the Company’s transformation, financial and operational performance including the acceleration of revenue and margins, and the Company’s overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Group markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.
Investor Relations Contact:
Charles Tang
(852) 2622 2891
corp@abqqs.com
FAQ
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