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ARB to spin off its IoT Business via a listing on NASDAQ

  • Written by The Express
● The listing aims to accelerate the expansion and growth of its IoT business, raising a minimum gross proceeds of USD4 million (based on the issue price of at least USD4 per issue share)
● Its IoT-business arm, ARB IoT Group Limited (“AIGL”) would enable the Group to unlock the value of its investment in the IoT business and efficiently allocate resources for its next phase of growth
● AIGL Group has built up an IoT development ecosystem to help customers seize opportunities brought by new digital technologies with 4 business lines in IoT segment.

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