GV Digital Technology Building

Rhea-AI Summary

On May 19, 2024, Visionary Holdings (NASDAQ: GV) signed a cooperation agreement with ABB-FG to digitize and securitize real-world assets (RWA) at their Toronto properties. The transformation will utilize advanced digital technology and blockchain to enhance property value and facilitate global trading on ATS. This initiative aims to reduce operational costs, improve user experience, and boost revenue. Additionally, Visionary plans to develop a digital technology complex featuring three new buildings, totaling 1.5 million sq ft. This project aims to establish a landmark for Toronto's digital economy.

Positive

• Partnership with ABB-FG to digitize and securitize real-world assets.
• Global trading on ATS to enhance property value.
• Transformation to reduce operational costs and improve user experience.
• Revenue boost anticipated from digital transformation.
• Development of a new 1.5 million sq ft digital technology complex.
• Positioning as a pioneer in Canada's digital economy.

Negative

• Dependence on planning approval from the City of Toronto for new developments.
• Potential risks associated with digitization and blockchain implementation.
• Significant investment required for transformation and new construction.

TORONTO, May 20, 2024 /PRNewswire/ -- Visionary Holdings Inc. (the "Company") (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced on May 19, 2024, a signing ceremony was held at Visionary Tower in Toronto. Visionary Holding Group's CEO, Mr. Zhong Chen, and Simon Tang, Director of ABB-FG from the United States, signed a cooperation agreement. Both parties will collaborate to transform and upgrade Visionary's two buildings located at 95-105 Moatfield Dr, Toronto, Ontario into the "GV Digital Technology Building."

ABB-FG will use cutting-edge digital technology and specialized securitization laws to register various real-world assets (RWA) with the U.S. Securities and Exchange Commission under Reg. D/S/A+. These assets will be supported by the most reliable public blockchain and token platforms and will be listed for uninterrupted trading on major global digital asset exchanges (ATS). After digitizing and securitizing the properties at 95-105 Moatfield Dr, ABB-FG will facilitate their global trading on ATS, significantly enhancing the value of these properties. This will also rapidly boost Visionary's own economic growth, advancing Visionary's industries toward internet-based, digital, and intelligent operations. The transformation will reduce operational costs, improve user experience, and increase industry revenue, positioning Visionary as a pioneer in Canada's digital economy.

Additionally, Visionary plans to apply for planning approval from the City of Toronto to develop the vacant land at 95-105 Moatfield Dr. The plan includes the construction of three additional buildings, creating a digital technology complex with a total building area of 1.5 million square feet, seamlessly integrating five buildings with complementary functions. This project aims to establish a landmark for Toronto's digital economy, contributing to the development of new models for digital economic growth and industrial upgrading in Canada.

In the context of the Fourth Industrial Revolution, digital technology will reshape the global economic and industrial landscape, becoming a strategic high ground for competition among nations and enterprises. It is a crucial engine for global economic development and a key accelerator for innovation breakthroughs in fields such as biotechnology, energy, new materials, and artificial intelligence. Visionary's future will focus on three core industries: biotechnology, new energy, and anti-aging products. We believe that the transformation and upgrading of these real estate properties will have a significant impact on the development of Visionary's three core industries.

About Visionary Holdings Inc.

Visionary Holdings Inc. headquartered in Toronto, Canada, a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company's website at https://ir.visiongroupca.com/.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "believes," "expects," "anticipates," "estimates," "intends," "would," "continue," "should," "may," or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.

For more information, please contact:

Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca

View original content:https://www.prnewswire.com/news-releases/gv-digital-technology-building-302149815.html

SOURCE Visionary Holdings Inc.

FAQ

What is Visionary Holdings' recent announcement?

Visionary Holdings (NASDAQ: GV) announced a partnership with ABB-FG to digitize and securitize their Toronto properties.

How will Visionary Holdings' properties be transformed?

The properties will be digitized and securitized using advanced digital technology and blockchain, and listed for global trading on ATS.

What is the expected impact of the transformation on Visionary Holdings?

The transformation is expected to reduce operational costs, improve user experience, and boost industry revenue.

What are Visionary Holdings' plans for the vacant land at 95-105 Moatfield Dr?

Visionary plans to construct three additional buildings, creating a 1.5 million sq ft digital technology complex.

When was the cooperation agreement between Visionary Holdings and ABB-FG signed?

The cooperation agreement was signed on May 19, 2024.