Alset Capital (TSE:GPUS) has released an update.
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Alset AI Ventures Inc. has announced the full repayment of a $3.7 million secured loan, with interest, from portfolio company Cedarcross International Technologies Inc., significantly enhancing the company’s balance sheet. This move strengthens Alset AI’s financial position, allowing it to expand its AI and cloud computing ventures. The repayment underscores the company’s strategic investment approach and commitment to fostering high-growth opportunities in the AI sector.
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