Mergers & Acquisitions ·
Luda Technology acquires 55% stake in AI Data Quant Tech for $935K
LUDLuda Technology Group Ltd
Luda Technology Group Limited executed a share purchase agreement to acquire a 55% controlling interest in Asia AI Data Centre & Quantum Technology Company Limited. The total consideration is US$935,000, comprised of US$600,000 in cash and the issuance of 91,780 ordinary shares valued at US$3.65 per share. This transaction marks Luda's entry into computing infrastructure operations management. Additionally, the company signed a non-binding memorandum of understanding with Huazhi Future to explore strategic opportunities in AI infrastructure, including liquid cooling technology and overseas computing power export. Luda Technology Group Limited is a manufacturer and trader of stainless steel and carbon steel flanges and fittings products.