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Mint (NASDAQ: MIMI) signs non-binding MOU to acquire Ascendze in Singapore tech push

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Form Type
6-K

Rhea-AI Filing Summary

Mint Incorporation Limited reported that it signed a non-binding Memorandum of Understanding with Ascendze Pte. Ltd., a Singapore-based company focused on semiconductor manufacturing and related automation solutions. Mint intends to acquire a controlling or majority equity stake in Ascendze and use it as its main platform for expansion and investment in Singapore’s technology sector.

The proposed partnership targets advanced chip production technologies, robotics-driven automation, and related innovation initiatives. The parties aim to sign definitive agreements within 90 days of the MOU, subject to satisfactory due diligence, board approvals, regulatory clearances where applicable, and other customary conditions. Mint also plans to provide additional capital investment to support Ascendze’s growth in Singapore under separate definitive agreements.

Positive

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Negative

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MOU timeline 90 days Target period to execute definitive agreements from MOU date
Filing month June 2026 Form 6-K reporting period for the MOU announcement
Memorandum of Understanding regulatory
"it has entered into a non-binding Memorandum of Understanding (the “MOU”) with Ascendze Pte. Ltd."
A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.
non-binding regulatory
"The MOU is non-binding and subject to the execution of definitive agreements and satisfaction of customary conditions."
"Non-binding" describes an agreement or statement that does not legally require the parties involved to follow through with its terms. It’s like a handshake or a written promise that shows intent but isn’t enforceable by law. For investors, understanding whether an agreement is binding or non-binding helps gauge how seriously the parties are committed and how much weight to give to the promises made.
due diligence financial
"subject to satisfactory due diligence, board approvals, regulatory clearances where applicable, and other customary conditions."
Due diligence is the careful investigation and analysis someone conducts before making a decision, such as investing money or entering into an agreement. It’s like researching thoroughly before buying a used car to ensure it’s in good condition; this helps prevent surprises and makes informed choices. For investors, due diligence reduces risk by verifying details and understanding what they’re getting into.
regulatory clearances regulatory
"subject to satisfactory due diligence, board approvals, regulatory clearances where applicable, and other customary conditions."
Regulatory clearances are official approvals from government agencies that allow a medical product, device, drug or other regulated offering to be marketed or sold. Think of it like a safety inspection and license: it signals the product meets required safety and effectiveness standards, which can unlock revenue, reduce legal and market risk, and change a company’s growth timeline—information investors use to assess future sales and risk.
forward-looking statements regulatory
"Certain statements in this press release are forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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Form 6-K: How Foreign Companies Report to the SEC →

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-42462

 

Mint Incorporation Limited

 

17/F, Wing Kwok Centre, No.182 Woosung Street

Jordan, Kowloon, Hong Kong

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

On June 30, 2026, Mint Incorporation Limited issued a press release entitled “Mint Signed MoU with Ascendze Pte. Ltd. to Advance Strategic Expansion in Singapore’s Semiconductor and Robotics Sector”. A copy of the press release is furnished herewith as Exhibit 99.1.

 

This report, including Exhibit 99.1 hereto, is incorporated by reference into the Company’s registration statement on Form F-3, as amended, filed with the Securities and Exchange Commission on May 19, 2026 (File No. 333-296027) and shall be deemed to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Exhibit Index

 

Exhibit
Number		   Description of Exhibit
99.1   Press Release - Mint Signed MoU with Ascendze Pte. Ltd. to Advance Strategic Expansion in Singapore’s Semiconductor and Robotics Sector, dated June 30, 2026

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 30, 2026 Mint Incorporation Limited
     
  By: /s/ Hoi Lung Chan
  Name: Hoi Lung Chan
  Title: Chief Executive Officer and Chairman of the Board

 

2

 

Exhibit 99.1

 

 

Mint Signed MoU with Ascendze Pte. Ltd. to Advance Strategic Expansion in Singapore’s Semiconductor and Robotics Sector

 

Hong Kong, June 30, 2026 (GLOBE NEWSWIRE) -- Mint Incorporation Limited (“Mint” or the “Company”, together with its subsidiaries, the “Group”, NASDAQ: MIMI), a Hong Kong-based company strategically focused on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, today announced that it has entered into a non-binding Memorandum of Understanding (the “MOU”) with Ascendze Pte. Ltd. (“Ascendze”), a Singapore-based company that focuses on the semiconductor industry and its associated manufacturing processes, serving a range of well-known global customers such as Fabrinet Co., Ltd.

 

The MOU outlines Mint’s intention to acquire a controlling or majority equity stake in Ascendze, establishing it as Mint’s primary platform for strategic expansion and investment in Singapore’s technology sector. The proposed partnership will focus on advancing chip production technologies, robotics-driven automation, and explore related innovation initiatives.

 

Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint stated: “This MOU marks an important milestone in Mint’s global growth strategy. By partnering with Ascendze, we are strengthening our presence in Singapore — a global hub for semiconductors and advanced manufacturing — and combining our AI and robotics expertise with Ascendze’s local capabilities and industry relationships to drive significant value creation.”

 

Ascendze serves prominent global customers including Fabrinet Co. Ltd, providing consulting services and automation solutions in semiconductor manufacturing and precision engineering. Ascendze is committed to delivering innovative technologies that improve society through robotics, digital innovation, and continuous learning.

 

Mr. Leong Kar Lee, Founder of Ascendze added: “We are excited to collaborate with Mint Incorporation Limited. This strategic partnership will accelerate our growth, enhance our technological capabilities, and allow us to jointly develop cutting-edge solutions in chip production and automation that benefit our customers and the broader industry.

 

The parties aim to execute definitive agreements within 90 days from the date of the MOU, subject to satisfactory due diligence, board approvals, regulatory clearances where applicable, and other customary conditions. Through the proposed partnership, the parties intend to collaborate on the research, development, and commercialization of advanced chip production technologies and robotics-driven automation solutions. In addition, Mint plans to provide further capital investment to support Ascendze’s expansion and growth initiatives in Singapore, subject to the execution of separate definitive agreements.

 

The MOU is non-binding and subject to the execution of definitive agreements and satisfaction of customary conditions.

 

- End-

 

Page 1

 

Mint Incorporation Limited

 

Mint Incorporation Limited (NASDAQ: MIMI) is a Hong Kong-based company listed on NASDAQ, strategically focused on artificial intelligence (AI), robotics, and interior design. Through its wholly-owned subsidiary Axonex AI Limited (Axonex AI) , and through Aspiration X Limited’s joint venture Rice Robotics AGI Holding Limited (Rice Robotics AGI), Mint delivers comprehensive intelligent automation solutions. Axonex AI specializes in smart facility management, integrating robotics, IoT, physical AI solutions such as humanoid robots and AI-powered analytics to provide real-time monitoring and predictive insights. Rice Robotics AGI focuses on customer-centric robots and companion robots. In addition, through Matter International Limited, the Group provides professional interior design and fit-out services. Anchored by innovation and practical application, Mint is committed to enhancing efficiency, safety, and quality of life across industries.

 

Forward-Looking Statements

 

Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”).

 

Media Enquiries
 
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 E-mail: vicky.lee@sprg.com.hk
Rachel Ko Tel: (852) 2114 2370 E-mail: rachel.ko@sprg.com.hk
Cherrie Man Tel: (852) 2864 4846 E-mail: cherrie.man@sprg.com.hk  

 

Page 2

 

Source: View Original Filing on SEC EDGAR

FAQ

What strategic agreement did Mint (MIMI) announce with Ascendze?

Mint signed a non-binding Memorandum of Understanding with Ascendze Pte. Ltd. The MOU outlines Mint’s intention to acquire a controlling or majority equity stake and use Ascendze as its main Singapore technology expansion platform.

Which sectors does the Mint (MIMI) and Ascendze MOU focus on?

The MOU focuses on semiconductor manufacturing and robotics-driven automation. The parties plan to collaborate on research, development, and commercialization of advanced chip production technologies and robotics-based automation solutions serving global technology customers.

Is the Mint (MIMI) MOU with Ascendze legally binding?

No, the Memorandum of Understanding is explicitly described as non-binding. Any acquisition and capital investment will depend on signing definitive agreements and satisfying due diligence, board approvals, regulatory clearances, and other customary closing conditions.

What timeline did Mint (MIMI) provide for definitive agreements with Ascendze?

Mint and Ascendze aim to execute definitive agreements within 90 days from the MOU date. This schedule is subject to satisfactory due diligence, internal board approvals, and any required regulatory clearances before a transaction can be completed.

How does Mint (MIMI) describe Ascendze’s existing business and customers?

Ascendze focuses on the semiconductor industry and related manufacturing processes, providing consulting and automation solutions. It serves well-known global customers, including Fabrinet Co. Ltd, and emphasizes innovative technologies in robotics, digital innovation, and continuous learning.

What additional support does Mint (MIMI) plan to provide Ascendze under the MOU?

Mint plans to provide further capital investment to support Ascendze’s expansion and growth initiatives in Singapore. These investments are expected to be governed by separate definitive agreements that would follow successful due diligence and required approvals.

Filing Exhibits & Attachments

1 document

Press Releases