Alset ai provides update on majority acquisition of cedarcross technologies and commentary on deepseek ai

Vancouver, bc / access newswire / january 30, 2025 / 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, is pleased to announce progress in its previously announced proposed acquisition of an aggregate 26% stake of cedarcross international technologies inc. ("cedarcross technologies"), the company's flagship ai cloud computing infrastructure portfolio company (the "acquisition"). while the closing process has taken longer than initially anticipated, the company is in the final stages of due diligence and is actively working to complete the acquisition, subject to the approval of the tsx venture exchange.
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