Cheer holding announces plan to acquire 60% equity stake in zkzg, accelerating ai development

Beijing, feb. 25, 2025 (globe newswire) -- cheer holding, inc. (nasdaq: chr) (“cheer holding” or the “company”), a leading provider of advanced mobile internet infrastructure and platform services, today announced it has entered into a non-binding investment framework agreement (the “framework agreement”) with all the shareholders of beijing zhong ke zhi guo technology co., ltd. (“zkzg”), a provider of synthetic data utilizing generative ai and simulation technology. pursuant to the framework agreement, cheer holding intends to acquire a 60% equity stake in zkzg through a combination of share issuance and cash payment.
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