Visionary Holdings Signs MOU With The Public Investment Fund Of Saudi Arabia, Investing $120M To Fully Support The Development Of Visionary's Various Industry Projects
Visionary Holdings Signs MOU With The Public Investment Fund Of Saudi Arabia, Investing $120M To Fully Support The Development Of Visionary's Various Industry Projects
On September 2, 2024, Visionary Holdings Inc. (NASDAQ:GV) officially signed a Memorandum of Understanding (MOU) with the world's largest sovereign wealth fund, the Public Investment Fund (PIF) of Saudi Arabia. The two parties have become close partners, with PIF investing USD 120 million to fully support the development of Visionary's various industry projects. This includes debt replacement for four of Visionary's commercial buildings (including debt replacement with the Bank of China) and the real estate redevelopment investment for these four buildings. PIF will continue to invest in Visionary in the future, providing strong financial, talent, and resource support for Visionary's global mergers and acquisitions, industrial upgrades, debt optimization, and rapid growth.
2024年9月2日，Vision Holdings Inc.（纳斯达克股票代码：GV）正式与全球最大的主权财富基金——沙特阿拉伯公共投资基金（PIF）签署了一份谅解备忘录（MOU）。双方已成为密切合作伙伴，PIF向Visionary的各个行业项目投资了12000万美元，全力支持其发展。这包括对Visionary的四栋商业大楼进行债务置换（其中包括与中国银行的债务置换）以及这四栋大楼的房地产重建投资。PIF将来还将继续对Visionary进行投资，为其全球并购、产业升级、债务优化和快速增长提供强有力的财务、人才和资源支持。
Additionally, both parties agreed to closely collaborate in the fields of high technology, life sciences, and artificial intelligence education. This includes, but not limited to, international education, biomedical sciences, advanced technology, life sciences, and AI education. The partnership with PIF not only enhances Visionary's brand but also offers a great opportunity for Visionary's future development, bringing significant momentum to the dual growth of Visionary's market value and industrial expansion.
此外，双方还同意在高科技、生命科学和人工智能教育领域进行密切合作。这包括但不限于国际教育、生物医学科学、先进技术、生命科学和人工智能教育。与PIF的合作不仅增强了Visionary的品牌，还为其未来发展提供了重大机遇，为Visionary的市值和产业扩张的双重增长带来了重要动力。