ModuLink Inc. (MDLK) Announces Letter of Intent to Acquire 60% Equity Interest in ASA Robotics Limited
We are pleased to announcement that ModuLink Inc. (OTC:MDLK) has entered into a non-binding Letter of Intent ("LOI") with Mr. Wah Shing LAM, a major shareholder of ASA Robotics Limited ("ASA"), a Hong Kong-based robotics and AI solutions company. Under the LOI, ModuLink intends to acquire a 60% equity interest in ASA through its Hong Kong subsidiary, subject to due diligence and a definitive Share Purchase Agreement.
Transaction Highlights
Acquire 60% of the issued and outstanding shares of ASA
Consideration: 6,500 preferred shares valued at HKD 5,000,000 (USD 641,026)
Majority ownership with governance and board representation at ASA
Equity interest will be protected against dilution for two years
Next Steps
60-day due diligence review
Negotiation of definitive Share Purchase Agreement
Expected closing within 30–60 days after due diligence
About ASA Robotics Limited
ASA Robotics Limited is a Hong Kong-based company specializing in advanced robotics and AI automation solutions for healthcare and industrial applications.
For more information:
About ModuLink Inc.
ModuLink Inc. focuses on developing sustainable and intelligent living environments through advanced technologies, specializing in Modular Integrated Construction (MiC), Air-to-Water (A2W) technology, and IoT-based property management systems.
For more information:
HOME | Modulink Corporation | Living Smart, Living Green
Read the full announcement here: