Dec. 11 at 6:10 PM
$IDVV ->
$MDLK ModuLink Inc. (MDLK) Announces Letter of Intent to Acquire 60% Equity Interest in ASA Robotics Limited
https://finance.yahoo.com/news/modulink-inc-mdlk-announces-letter-141500140.html
HONG KONG, HK / ACCESS Newswire / December 11, 2025 / ModuLink Inc. (OTC:MDLK) is pleased to announce that it has executed 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 artificial intelligence 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 the execution of a definitive Share Purchase Agreement.
Transaction Highlights
ModuLink will acquire 60% of the issued and outstanding shares of ASA.
As consideration, ModuLink will issue to the Seller 6,500 preferred shares at approximately USD 98.62 per share, representing a total value of HKD 5,000,000 (USD 641,026).
