Zetrix receives $40 million investment from World Bank and plans to spin off its AI subsidiary for a Nasdaq listing
PANews, February 26 — According to Bloomberg, Malaysian digital infrastructure service provider Zetrix AI Bhd. has secured approximately $40 million in equity financing from the World Bank investment institution International Finance Corp. to expand digital infrastructure in Malaysia, Southeast Asia, and other emerging markets. The two parties will advance projects through a subsidiary planned to be listed on Nasdaq, supporting Malaysia's national digital identity system and blockchain service network. Zetrix Managing Director TS Wong stated that its AI business unit, AI Foundation Lab, aims to complete a Nasdaq listing by the end of 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs: Applied Materials (AMAT.US) Posts Solid Q4 Results, DRAM and Advanced Packaging to Drive Accelerated Growth by 2027
Goldman Sachs maintains its "Buy" rating on Applied Materials but lowers its 12-month target price from $670 to $580.
Piper Sandler lowers General Mills target price to $35
Major Crypto ETFs Bled $1.5 Billion While Wall Street Went Dip Shopping
"Big Short" Burry increases short positions on Nasdaq 100 and semiconductors, says Nvidia (NVDA.US) influence may enter a "new paradigm"
"The Big Short" Michael Burry has increased his bearish bets on the Nasdaq 100 Index and semiconductor stocks.
Crypto prices
More
