Vemanti Group Signs MOU to Acquire Majority Interest in Two Group, JSC

Emerging Technology

Vemanti Group (OTCP:VMNT) has announced it has signed a memorandum of understanding to acquire a majority interest of Two Group, JSC. As quoted in the press release: The transaction, once ratified and finalized, will provide the Company with an established framework to capitalize on the fast growing internet economy of Vietnam, especially in e-commerce and …

Vemanti Group (OTCP:VMNT) has announced it has signed a memorandum of understanding to acquire a majority interest of Two Group, JSC.
As quoted in the press release:

The transaction, once ratified and finalized, will provide the Company with an established framework to capitalize on the fast growing internet economy of Vietnam, especially in e-commerce and online advertising. The plan is for the existing management team of TGJ to continue to run the business in their current capacities. The existing investors of TGJ will continue to hold a material interest in the company moving forward and will participate in future growth equity investments.
Established in 2013, TGJ (www.two.vn) is the parent company of 4 wholly-owned subsidiaries, all operational and revenue-generating, across strategic information technology markets in Vietnam. Its current portfolio is principally focused in internet-based industries, including e-commerce, local search, social media, and streaming media.

Click here to read the full press release.

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