Zenta Group Co. Ltd. (NASDAQ: ZTG) said it has agreed to acquire ZentoAI Intelligent Technology Co. Ltd. for $7.1 million in a related-party transaction reviewed and approved by its audit committee and board of directors.
ZentoAI, a Macau-based artificial intelligence and big data firm founded in 2022, will be paid through a combination of cash and equity. The consideration includes HKD 10 million in cash and approximately $5.84 million in restricted Class A ordinary shares issued at $0.476 per share, subject to adjustments and transfer restrictions.
The deal carries related-party characteristics because Ng Wai Ian, chairman and chief executive officer of Zenta Group, also serves as chairman of ZentoAI's board and holds significant influence over the company.
ZentoAI develops enterprise-grade AI applications and digital-intelligence platforms. Its offerings include FinSMarket, an AI-driven U.S. equity research platform, and Macwise, a smart-tourism application for Macau available on the App Store.
Zenta Group, founded in 2019, provides consultation services to industrial parks and business investors, along with fintech products and services.
The agreement, published Sept. 9, 2026, is expected to close within 30 business days after conditions are satisfied or waived, including the continued accuracy of representations and warranties, no material adverse effect, receipt of required consents and approvals, and passage of any necessary internal governance approvals. Either party may terminate the agreement if closing has not occurred within 120 days.
