Breaking News: AB INTL Group Buys Back 300 Million Shares and Plans to Spin-off NFT, MMM IP, and AI Consulting Business in 2024!
New York, Dec. 03, 2024 (GLOBE NEWSWIRE) – AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced the Company entered into Repurchase Agreements with four shareholders, all non-affiliates of the Company, pursuant to which the Company agreed to repurchase shares of their Common Stock, $0.001 par value, amounting to 300,000,000 shares for cancellation. The price to be paid by the Company under the Repurchase Agreements is $390,000, which will be funded with cash on hand.
The Move Towards a Spin-off: Exploring NFT, MMM IP, and AI Consulting Business
AB International Group Corp.’s decision to buy back 300 million shares marks a significant moment in the company’s history. By repurchasing these shares for cancellation, AB International Group Corp. is showing a commitment to creating value for its shareholders and driving strategic initiatives to position the company for future growth.
Furthermore, the announcement of plans to spin-off its NFT, MMM IP, and AI Consulting Business in 2024 demonstrates the company’s forward-thinking approach towards capitalizing on emerging technologies and trends in the market. NFTs (Non-Fungible Tokens), MMM IP (Movie Investment and Licensing), and AI Consulting are all sectors that hold immense potential for growth and innovation.
With the rise of NFTs revolutionizing the way digital assets are bought, sold, and traded, AB International Group Corp.’s decision to focus on this sector shows a keen awareness of the shifting landscape in the digital economy. Additionally, the company’s emphasis on AI Consulting highlights its recognition of the importance of leveraging artificial intelligence and machine learning technologies to drive efficiency and decision-making.
Overall, AB International Group Corp.’s strategic moves towards spinning off these businesses indicate a calculated effort to unlock value, streamline operations, and capitalize on new market opportunities. As the company continues to evolve and adapt to changing market dynamics, shareholders can expect to benefit from these strategic initiatives in the long run.
How Will This Affect Me?
As a shareholder of AB International Group Corp., the buyback of 300 million shares and the planned spin-off of NFT, MMM IP, and AI Consulting Business in 2024 could have a significant impact on your investment. On one hand, the repurchase of shares for cancellation could potentially lead to a reduction in the company’s outstanding shares, which might increase the value of each remaining share. Additionally, the spin-off of these businesses could unlock hidden value and provide you with exposure to high-growth sectors like NFTs, movie investments, and AI consulting.
How Will This Affect the World?
AB International Group Corp.’s strategic moves towards spinning off its NFT, MMM IP, and AI Consulting Business in 2024 could have broader implications for the world. By focusing on innovative technologies like NFTs and artificial intelligence, the company is contributing to the advancement of these sectors and driving innovation in the global economy. The spin-off of these businesses could also create new opportunities for collaboration, partnerships, and investments, ultimately shaping the future of these industries on a global scale.
Conclusion:
In conclusion, AB International Group Corp.’s decision to buy back 300 million shares and pursue a spin-off of its NFT, MMM IP, and AI Consulting Business in 2024 marks a strategic shift towards unlocking value, driving innovation, and positioning the company for future growth. As these initiatives unfold, shareholders can expect to see the benefits of these strategic moves reflected in the company’s performance and market positioning. The impact of these decisions reaches beyond the individual shareholder, contributing to the broader landscape of the global economy and advancing technology and innovation in key sectors.
