Daily Update: Viaim Raises RMB 100M; Manulife Issues S$500M Notes; Global Mofy AI Raises $8M; Ming Shing Acquires PMA Tech for $110M

VIAIM SECURES RMB 100 MILLION A+ FUNDING FROM TRANSSION

Viaim, a Hong Kong based company in AI-driven workplace hardware, Wednesday said it has closed an RMB 100-million-level A+ funding round with China-based Transsion Holdings as a strategic investor. The two companies have formalized a partnership to bring to market a new class of proactive AI assistant hardware built around autonomous perception, decision-making, and execution.

Viaim brings over 14 years of expertise in AI speech and hardware-software integration, alongside a million-scale base of real-world workplace user data. Transsion, is a smartphone brand and the alliance targets moving AI hardware beyond proof-of-concept and into mainstream global adoption, the company said.

With over 1.5 million registered users across 50-plus industries and 200 countries, Viaim is evolving from recording and transcription hardware into an office AI Agent platform.

“For AI Agents to truly deliver value, they need hardware that remains continuously connected and capable of perceiving the real world. Earbuds are the ideal physical interface for personal AI,” said Ma Xiao, Founder and CEO of Viaim. “Transsion‘s expertise in on-device hardware and mobile AI services aligns strongly with our vision. Combined with our million-scale workplace user profiles and technology foundation, we aim to accelerate AI Agents from meeting rooms into people’s daily lives,” he added.

MANULIFE FINANCIAL PRICES S$500 MILLION TIER 2 NOTES DUE 2036

Manulife Financial said on Wednesday that it has priced an offering in Singapore of S$500 million principal amount of 2.880% subordinated notes due June 4, 2036. The offering will qualify as Tier 2 capital for Manulife.

The notes will bear interest at a fixed rate of 2.880% until June 4, 2031, and thereafter, at a rate of 0.931% over the then-prevailing five-year SORA OIS rate. The notes mature on June 4, 2036.

Manulife Financial, with assets under management of $1.7 trillion, operates as Manulife across Canada and Asia and primarily as John Hancock in the USA, providing financial advice, insurance and health solutions for individuals, groups and businesses.

Manulife may, with the prior approval of the Superintendent of Financial Institutions (Canada), redeem the notes in whole, but not in part, on June 4, 2031, and on any interest payment date thereafter at a redemption price equal to par, together with accrued and unpaid interest to, but excluding, the date fixed for redemption.

The notes will constitute subordinated indebtedness, ranking equally and rateably with all other subordinated indebtedness of Manulife from time to time issued and outstanding, other than subordinated indebtedness that has been further subordinated in accordance with its terms.

Approval in principle has been received from Singapore Exchange Securities Trading for the listing and quotation of the notes on the official list of the SGX-ST.

DBS Bank, The Hongkong and Shanghai Banking Corporation, Singapore Branch and Standard Chartered Bank (Singapore) have been appointed as joint lead managers and bookrunners for the offering. Bank of China, Singapore Branch, has been appointed as co-manager for the offering.

The offering is expected to close on June 4, 2026.

At the end of 2025, the company had more than 37,000 employees, over 106,000 agents and thousands of distribution partners, serving over 37 million customers across 25 markets globally.

GLOBAL MOFY AI RAISES $8 MILLION THROUGH DIRECT OFFERING

Global Mofy AI (Nasdaq: GMM), a Beijing-headquartered generative AI-driven technology solutions provider specialising in virtual content and 3D digital assets, said it raised $8 million through a registered direct offering.

The company said it issued more than 8 million Class A ordinary shares, par value $0.00003 each, along with more than 8 million Series A warrants to purchase up to more than 8 million Class A ordinary shares and more than 8 million Series B warrants to purchase up to more than 8 million Class A ordinary shares, at an offering price of $0.97 per Class A ordinary share and accompanying warrants.

The company intends to use the net proceeds from the offering for general corporate purposes, including working capital, product development and the continued build-out and expansion of its AI-powered technology platforms and related infrastructure.

D. Boral Capital acted as the exclusive placement agent for the offering. Ortoli Rosenstadt served as the U.S. securities counsel to the company, and Loeb & Loeb served as the U.S. securities counsel to the placement agent in connection with the offering.

Utilising its Mofy Lab technology platform, which combines interactive 3D and artificial intelligence, it creates high-definition virtual versions of a wide range of physical-world objects, from characters and objects to scenes.

The digital assets can be used in applications including films, television series, AR/VR, animation, advertising and gaming.

Global Mofy Metaverse is one of the leading digital asset banks in China, comprising more than 150,000 high-precision 3D digital assets.

MING SHING GROUP TO ACQUIRE PMA TECHNOLOGY FOR $110 MILLION, EYES THERMAL MANAGEMENT FOR AI SECTOR

Ming Shing Group, a Hong Kong-based company engaged in wet trades, including plastering, tiling, bricklaying, floor screeding and marble works, said on Wednesday that it had agreed to acquire PMA Technology for $110 million.

The transaction will be settled by issuing unsecured convertible promissory notes to the sellers.

Under the agreement, Ming Shing will issue promissory notes with principal amounts of $66 million to PMA Technology, $24.2 million to Legend Master Development and $19.8 million to F.F. Formation, all of which are related to PMA Technology.

The group said PMA Technology owns the entire issued share capital of PMA Nano Carbon Technology, a private limited company incorporated in Singapore.

“PMA Singapore intends to serve as an international commercialisation platform for graphene-based thermal management technologies. Its intended business will focus on the research, development, application and sales of graphene heating and heat dissipation materials, intelligent temperature control systems and related thermal management solutions,” it said.

The company added that these technologies are expected to have potential applications in the AI sector, including GPU cooling hardware, new energy vehicles and two-wheelers, healthcare products, smart wearable devices and other high-performance electronic devices.

“PMA Singapore also possesses, or is licensed to use, certain patent rights and proprietary technologies relating to graphene materials and thermal management applications, which are expected to support product development and international market expansion,” Ming Shing added.