Integrated Media Technology Limited Ordinary Shares - IMTE STOCK NEWS

Integrated Media Technology Limited (NASDAQ: IMTE) has signed a supply agreement with CSL Durian Holding Sdn. Bhd. for its subsidiary, World Integrated Supply Ecosystem (WISE), to be a preferred distributor of durians in Asia and China starting March 2022. This agreement aims to enter new markets, including the USA and Canada, promoting Halal certification. The durian market was valued at US$17.6 billion in 2018 and continues to grow, particularly in China. The company plans to develop an online Halal trading platform for fruits and foodstuffs, focusing on supply chain establishment in upcoming markets.

Integrated Media Technology Limited (NASDAQ: IMTE) has signed a subscription agreement for a 60% equity stake in World Integrated Supply Ecosystem Sdn Bhd (WISE), a Malaysian company focused on halal certification and supply chain for halal products. WISE aims to enhance food safety and extend its reach globally by working with JAKIM, the Malaysian halal certification authority. The halal market is valued at approximately US$1.9 trillion in 2020 and is projected to grow. IMTE sees potential technological applications in developing a digital halal ecosystem.

On January 19, 2022, Greifenberg Digital, part of the IMTE Group, highlighted significant risks in China's property bond market. The Bloomberg Index for high-yield Chinese bonds reached 53.7, down from 120 in March 2021, indicating a high default risk, especially among leveraged developers. While stronger companies like Country Gardens saw price increases due to regulatory expectations, many face thin equity buffers. Greifenberg's Credit AI models, which forecasted the property crisis, suggest caution for investors, emphasizing the need for regulatory clarity before considering investments.

Integrated Media Technology Limited (NASDAQ: IMTE) has completed the development of its online digital assets trading platform, Ouction. This platform features dynamic image cryptographic verification technology and provides blockchain notarized digital certificates for both digital and physical assets, enhancing trust for e-commerce transactions. Currently, the platform's digital asset listings are limited, but growth is anticipated through marketing efforts in Asia and North America. NFT sales surged to an estimated $40 billion in 2021, highlighting the potential market for Ouction.

Integrated Media Technology Limited (IMTE) announced a fundraising effort totaling US$10 million through convertible note agreements with eight investors outside the United States. The notes, with a 6% annual interest rate, will mature in two years and can be converted into shares at US$3.12 each. Additionally, investors will receive warrants that can raise an extra US$8 million if exercised at US$3.74 per share. The funds will support acquisition and manufacturing infrastructure.

Integrated Media Technology Limited (IMTE) announced its Board of Directors' approval to divest its lamination glass operation in China. The Company plans to sell or spin off the electronic glass business into a publicly traded entity, aiming to enhance operational value and focus on business development. This capital-intensive operation will require access to capital markets and is subject to regulatory and shareholder approvals. IMTE expects to execute this reorganization in 2022.

Integrated Media Technology Limited (NASDAQ: IMTE) has signed an Assignment and Assumption Agreement to develop a Blockchain-based NFT trading platform named 'Ouction'. The company plans to invest up to US$1 million for a 60% equity stake in Ace Corporation Limited, the partner in this venture. Additionally, IMTE has outlined a deferred payment structure based on Ace's future earnings and a bonus contingent on Ace's listing on a recognized exchange within five years. The Ouction platform aims to merge e-commerce with NFT transactions and will feature dynamic image cryptographic verification technology.

Greifenberg Digital, part of IMTE Group, launched Credit AI, a sophisticated suite of risk analytics focused on nearly 30,000 Chinese local-currency corporate bonds. The system features advanced tools such as a financial scoring model, machine-learning algorithms, and Natural Language Processing to assess default risks and gauge sentiment about bond issuers. With rigorous testing indicating proven predictive value, Credit AI aims to enhance credit risk management in China's volatile bond market. The service is available to institutional investors, supported by a White Paper detailing its performance.

Integrated Media Technology Limited (NASDAQ: IMTE) has signed a conditional agreement to acquire 100% of Magnum International Holdings Limited for US$11 million, payable via 3,630,360 ordinary shares at US$3.03 per share. This transaction is subject to satisfactory due diligence on Magnum's legal and financial matters and must be completed within three months. Magnum specializes in developing a post-diagnosis medical and healthcare platform utilizing big data and AI. The acquisition aims to enhance IMTE's entry into the healthcare technology market.