Globalway announced a capital and business alliance with India's Snow Mountain AI and plans to establish a joint venture. It will acquire 1,190 shares in the counterparty for US$500,000, with its ownership interest in the joint venture expected to be 70.0%.
Globalway announced that it has formed a capital and business alliance with India's Snow Mountain AI, which develops an AI agent platform, and will establish a new joint venture.
Globalway is expected to acquire 1,190 common shares in the counterparty for US$500,000, giving it an ownership interest of 5.00% in the company after the acquisition. Total investment in the joint venture will be ¥92.4 million, with Globalway's ownership interest planned at 70.0%.
The impact on the fiscal year ending March 2027 is under review.