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Virtual Mind Partners with Saudi Ministry and iFLYTEK for Smart Manufacturing Initiative

Story Highlights
  • Virtual Mind collaborates with Saudi Ministry to boost industrial digital transformation.
  • Partnership with iFLYTEK aims to develop AI and robotics ecosystem in Saudi Arabia.
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Virtual Mind Partners with Saudi Ministry and iFLYTEK for Smart Manufacturing Initiative

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An announcement from Virtual Mind Holding Company Limited ( (HK:1520) ) is now available.

Virtual Mind Holding Company Limited has announced a memorandum of cooperation with the Saudi Ministry of Industry and Mineral Resources to advance Saudi Arabia’s industrial sector through digital transformation and smart manufacturing. Additionally, the company has entered a cooperation framework agreement with iFLYTEK to develop an AI and robotics industry ecosystem for the Saudi Smart Manufacturing Project. This strategic move is expected to enhance Virtual Mind’s market presence and innovation capabilities, while also contributing to Saudi Arabia’s goal of becoming a leader in advanced manufacturing and technology.

The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.

More about Virtual Mind Holding Company Limited

Virtual Mind Holding Company Limited operates in the technology sector, focusing on artificial intelligence (AI) and Web3 brand promotion platforms. The company aims to integrate AI technical resources with its Web3 technological advantages to expand its business areas and enhance its brand promotion services.

Average Trading Volume: 13,004,100

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.48B

See more insights into 1520 stock on TipRanks’ Stock Analysis page.

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