08:37 PM EDT, 05/29/2022 (MT Newswires) -- CMMB Vision Holdings (HKG:0471) said Friday it acquired a 51% stake in artificial intelligence provider International IT Hub Limited from Chi Capital Holdings Ltd for HK$1.
The company has not yet announced the completion date.
After the transaction, International IT Hub Limited shall become a non-wholly owned subsidiary of CMMB Vision, according to a press release.
International IT Hub Limited is expected to generate HK$30.0 million in revenue for the next two years, the company said.
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