Chartered Group Spins Off XTEND AI Robotics onto NYSE, Valuation Soars to 1.5 Billion Dollars

Kaohoon··USTHJP·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

Chartered Group, a global investment group and major shareholder in Bangchak Corporation, or BCP, and in MFC Asset Management, or MFC, joined the bell-ringing ceremony marking the start of trading for XTEND AI Robotics, or XTEND, on the New York Stock Exchange after the company listed as a public company with an estimated valuation of about 1.5 billion US dollars, or more than 50 billion baht. XTEND began trading on the New York Stock Exchange on September 4, 2026, following the completion of its merger with JFB Construction Holdings, a transaction that raised a total of about 110 million US dollars and gave XTEND an estimated valuation of about 1.5 billion US dollars. Chartered Group is one of XTEND's early investors and strategic partners. According to documents filed with the US Securities and Exchange Commission, the group's investment interests in XTEND are held through several related entities, including Opus Chartered Issuances S.A., a fund related to Japan Israel High Tech Ventures, and Chartered Holdings Limited. Eyal Agmoni, founder and chairman of Chartered Group, is the ultimate beneficiary of that investment, which accounts for approximately 20% of XTEND's issued and outstanding shares. Meanwhile, the group's investments in Thailand also cover Bangchak, with approximately 275.5 million shares purchased through Alpha Chartered Energy Co., Ltd., or about 20.01% of the company, and MFC, in which Opus Chartered Issuances S.A. acquired approximately 31.36 million shares, or about 24.96% of MFC.

Impact on assets 2

Industrials▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 6

XTEND (Xtend AI Robotics, Inc.)Private▲ Positive
Capitalrelevance

XTEND completed its merger with JFB Construction Holdings, raised about $110 million, and began NYSE trading at an estimated $1.5 billion valuation.

Alpha Chartered EnergyPrivate± Mixed
relevance

Chartered GroupPrivate± Mixed
relevance

Chartered Holdings LimitedPrivate± Mixed
relevance

Japan Israel High Tech VenturesPrivate± Mixed
relevance

Opus Chartered Issuances S.A.Private± Mixed
relevance

© 2026 MarketIVNews