Middle Eastern cryptocurrency company Robo.ai has applied to participate in the selection of strategic investors for the pre-restructuring of Jiyue Auto.
PANews reported on December 31 that an analyst from Jiazi Guangnian stated that a Middle Eastern cryptocurrency company has its eye on Jiyue. On December 19, Robo.ai, a Dubai-based technology company, announced that it had formally submitted materials to the interim administrator of Jiyue Auto, applying to participate in the selection of strategic investors for its pre-restructuring. This technology company, Robo.ai, has completed its name change, developed a token payment system, integrated with digital banks, and ventured into the aircraft and new energy vehicle industries within just four months. On August 12, Newton Group officially changed its name to "Robo.ai Inc." and continued trading on the Nasdaq Stock Exchange under the new stock code "AIIO". Within a month of completing its name change, Newton Group quickly invested in the DePIN project Arkreen, planning to jointly develop a stablecoin payment system and utilize token mechanisms to support cross-border transactions and ecosystem settlement.
However, based on publicly available information, Jiyue Auto has not actively contacted cryptocurrency companies. Robo.ai's application to participate in the selection of strategic investors for its pre-restructuring appears to be a unilateral action. Jiyue Auto's interim administrator also responded to the Daily Economic News, stating: "The progress of introducing strategic investors is still under negotiation. As for Robo.ai Inc. submitting its application materials, we are unaware of it, and we are not at liberty to disclose specific details at this time."
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