Alset ai acquires majority ownership of artificial intelligence cloud computing company, cedarcross technologies

Vancouver, bc / accesswire / december 10, 2024 / alset ai ventures inc.(tsxv:gpus)(otc:alscf)(fse:1r60, wkn:a3esvq)("alset ai" or the "company") an artificial intelligence (ai) venture company advancing innovation through strategic investment and cloud computing solutions, announces it has entered into share exchange agreements dated december 8 2024 (collectively, the "agreements"), to acquire an aggregate26% stake in cedarcross international technologies inc. ("cedarcross technologies"), a private british columbia corporation. upon closing, alset ai will hold an approximately 75% equity interest in cedarcross technologies, reinforcing its commitment to driving innovation in ai cloud infrastructure.
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