TCTM Announces Entering into An Intangible Asset Purchase Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2025
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Source: Newsfilter
Acquisition Announcement: TCTM Kids IT Education Inc. has entered into an agreement to acquire core algorithms and related systems for brain-computer interfaces from Jeethen International Co., Limited for $10.85 million, which will be paid through the issuance of 135,625,000 Class A ordinary shares.
Strategic Business Expansion: The chairman of TCTM stated that this acquisition is a key step in expanding into the AI-driven medical software industry, aiming for revenue growth and long-term value creation.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
