In an exchange filing, Blue Cloud Softech stated, “The parties have, at this stage, established only a framework for the exchange of information to facilitate discussions and an evaluation of potential areas of collaboration. This reflects the company’s continued focus on exploring strategic opportunities in the digital infrastructure and technology ecosystem. The company believes that the growing demand for artificial intelligence applications and digital technology presents significant opportunities, and the proposed discussions are intended to assess the feasibility and potential scope of any future collaboration. The company clarifies that the preliminary discussions are solely for the purpose of evaluating potential business opportunities and do not create any binding obligation on either party to enter into any transaction, joint venture, investment, partnership or definitive agreement. Any future transaction, if pursued, shall be subject to detailed due diligence, mutual agreement, execution of definitive documentation, corporate approvals and applicable regulatory requirements.”
