Luda Technology Group Announces Execution of Acquisition of 55% Stake in Asia AI Data Centre & Quantum Technology and Signing MOU with Huazhi Future to Explore Strategic Opportunities in AI Infrastructure

The cash-and-share acquisition accompanies a largely non-binding framework for potential computing infrastructure projects.

Rhea-AI Summary

Luda Technology Group (NYSE American: LUD) signed an agreement on October 29, 2026, to acquire 55% of AI Data Quant Tech. Upon completion, Luda will acquire 5,500 shares for US$935,000: US$600,000 in cash and US$335,000 in Luda ordinary shares. US$400,000 has been paid; US$200,000 is due within three months of execution. The share consideration is valued by reference to 91,780 shares at US$3.65, the October 14 closing price.

The target operates in data center planning, construction management, computing rental and quantum computing hosting. Luda also signed a two-year framework MOU with Huazhi Future to explore ASEAN computing infrastructure, liquid cooling research and project financing. Specific projects require separate definitive agreements. The acquisition is a related-party transaction involving Luda's chief operating officer, who is the CEO's spouse; Luda's audit committee reviewed and approved it.

5 points · 0 major

MixediHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Signed acquisition agreement would give Luda 55% of AI Data Quant Tech and computing infrastructure operations capabilities.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Huazhi Future MOU outlines plans to explore ASEAN computing centers and edge computing nodes.
• Minor point. Forward-looking: it has not happened yet and may not happen.Liquid cooling cooperation includes plans for a joint laboratory and research institute.
• Minor point. Forward-looking: it has not happened yet and may not happen.Financial cooperation plans include exploring project financing and joint investment platforms.
• Minor point. Forward-looking: it has not happened yet and may not happen.Cooperation planning requires each party to prepare project plans within 30 days of signing.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Acquisition cash consideration is US$600,000; US$400,000 is paid, with US$200,000 due within three months of execution.
• Moderate pointHuazhi Future MOU is non-binding apart from specified provisions; specific projects require separate definitive agreements.
• Minor point. Forward-looking: it has not happened yet and may not happen.Share consideration entails US$335,000 in new ordinary shares, valued by reference to 91,780 shares at US$3.65.

News Explained

The signed Huazhi Future MOU sets out intended computing, cooling and financing projects but, except for confidentiality and provisions governing the MOU itself, does not bind either company to undertake them; any specific project requires a separate definitive agreement.

Key Figures

Stake acquired: 55% Total consideration: US$935,000 Cash consideration: US$600,000 +2 more

Stake acquired

55%

AI Data Quant Tech

Total consideration

US$935,000

Share purchase agreement

Cash consideration

US$600,000

US$400,000 paid; US$200,000 due within three months after execution

Share consideration

US$335,000

To be satisfied by allotment and issuance of Luda ordinary shares

Reference shares and price

91,780 ordinary shares at US$3.65 per share

Reference used to calculate the consideration shares

Previous Acquisition,AI Reports

1 past event · Latest: Jun 18

Same Type 1 event

1. Jun 18

   Acquisition MOU

   24h Move

   +7.4%

   The MOU proposed the same 55% stake; this announcement reports execution of the purchase agreement.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share purchase agreement, ordinary shares, related party transaction, high-performance computing, +1 more

5 terms

share purchase agreement financial

"executed a share purchase agreement"

A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.

ordinary shares financial

"acquire 5,500 ordinary shares of AI Data Quant Tech"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

related party transaction regulatory

"This makes the acquisition a related party transaction."

A related party transaction is any deal or transfer of value between a company and people or entities with close ties to it — such as executives, major owners, family members, or affiliated businesses. Investors watch these transactions because they can favor insiders over outside shareholders, skirt fair market pricing, or hide risks; like selling your car to a relative at a friendly price, they require clear disclosure and scrutiny to judge impact on value.

high-performance computing technical

"high-performance computing rental"

A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.

liquid cooling technology technical

"The parties intend to establish a Liquid Cooling Technology Joint Laboratory"

A cooling method that removes heat from electronic equipment by circulating a liquid (usually water-based or dielectric fluids) close to or in direct contact with hot components. It works by pumping the coolant through channels, cold plates, or immersion baths to absorb heat, then routing the warmed fluid to a heat exchanger or chiller where the heat is discharged; components include the coolant, pumps, piping, heat exchangers and controls. Compared with air cooling, liquid cooling transfers heat more efficiently and can allow higher component densities, but it adds complexity, requires leak management and plumbing, and typically needs additional infrastructure such as pumps and heat-rejection equipment.

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Hong Kong, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (NYSE American: LUD) (the “Company” or “Luda Technology”), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, and a trader of coal, today announced that on October [29], 2026, it had executed a share purchase agreement (the “Agreement”) with Asia AI Data Centre & Quantum Technology Company Limited ("AI Data Quant Tech") to acquire a 55% stake in AI Data Quant Tech, following the previously announced memorandum of understanding entered into by the parties in relation to the transaction.  The Agreement officially marks the Company’s entry into computing infrastructure operations management.

Acquisition Highlights

AI Data Quant Tech specializes in operations and management of data center planning and construction, high-performance computing rental, and quantum computing hosting and operations. Through AI Data Quant Tech, the Company aims to connect Mainland China’s cost-efficient and high-quality AI ecosystem with international markets.

Upon completion of the Agreement, the Company will acquire 5,500 ordinary shares of AI Data Quant Tech, representing 55% of its issued share capital, for a total consideration of US$935,000. The consideration is comprised of US$600,000 in cash and US$335,000 to be satisfied by allotment and issuance of ordinary shares (the “Ordinary Shares”) of the Company. The parties acknowledge that the value of the Consideration Shares is calculated by reference to 91,780 ordinary shares of the Company at US$3.65 per share, being the market closing price on October 14, 2026. Of the cash portion of the consideration, US$400,000 has been paid; the remaining US$200,000 is due within three months after the execution date of the Agreement.

Strategic MOU with Huazhi Future

To support the growth of its AI Data Quant Tech business, the Company signed a strategic MOU with Huazhi Future. A subsidiary of Nasdaq-listed Maase Inc., Huazhi Future focuses on intelligent computing infrastructure and industrial AI applications. Its operations span intelligent computing infrastructure, computing power scheduling and operations, and vertical AI applications and industry services, with established presence in the ASEAN region.

Under the strategic MOU, Luda Technology and Huazhi Future intend to explore opportunities across the following three areas:

1. Overseas Computing Power Export

The Company aims to connect Huazhi Future with overseas channel resource, supporting the expansion of Huazhi Future’s computing power business in ASEAN markets through compliant channels. Huazhi Future will provide the related technical support and operational services. The parties will also explore opportunities to build or operate intelligent computing centers and edge computing nodes in the ASEAN region. To support these efforts, both parties will share market information, customer resources, and policy updates.

2. Liquid Cooling Technology

The parties intend to establish a Liquid Cooling Technology Joint Laboratory and jointly sponsor a Liquid Cooling Technology Research Institute (or a similar research body). Research will focus on liquid cooling systems for containerized data centers, high-efficiency heat-dissipation materials, and intelligent temperature-control algorithms. Huazhi Future will provide application scenarios, testing environments, and market feedback, while Luda Technology will contribute its precision manufacturing capabilities, including its stainless steel and carbon steel flanges and fittings that can be used in liquid cooling piping and fluid-transfer systems. Both parties will also explore the development of standardized, modular, and commercial liquid cooling products for domestic and international markets.

3. Financial Cooperation

The parties intend to explore potential ventures on financing for jointly invested or jointly operated projects, leveraging their respective public company platforms and capital markets access. Both parties plan to share information on investment and M&A opportunities in AI, computing infrastructure, green technology, and high-end manufacturing. They may explore establishing joint investment platforms, subject to each party's regulatory requirements and commercial interests.

To coordinate these initiatives, the strategic MOU provides for regular senior executive meetings, designated liaison personnel, and dedicated project working groups. Each party will prepare a project plan for each cooperation area within 30 days of signing. The strategic MOU is a framework document setting out the parties' intentions. Apart from its confidentiality provisions and the provision on the MOU's own nature and effect, it does not create legally binding obligations. Any specific project will need separate definitive agreements. This strategic MOU has an initial term of two years. It renews automatically for one-year periods unless either party objects in writing.

Management Commentary

Mr. Ma Biu, CEO of Luda Technology, said: “Execution of the AI Data Quant Tech acquisition and signing a strategic MOU with Huazhi Future mark two important steps in moving our data center strategy from planning into execution. Hong Kong is a 'super connector' between Mainland China's cost-efficient AI ecosystem and international markets. Huazhi Future brings intelligent computing expertise and a presence in ASEAN. Luda Technology brings more than 20 years of precision metal manufacturing experience, which directly applies to liquid cooling piping and fluid-transfer systems, together with supply chain management and a global agency network. AI Data Quant Tech adds expertise in data center infrastructure operations and management. By combining these strengths, we see a clear path to provide affordable, high-performance AI computing infrastructure and advanced cooling solutions to the world, while we continue to drive innovation in our core steel manufacturing business. These initiatives support Luda Technology's broader strategy of sustainable growth, diversification and innovation.”

Related Party Transaction

The Company bought the shares of AI Data Quant Tech from Ms. Liu Liangping, the sole director of AI Data Quant Tech. Ms. Liu is also Luda Technology’s Chief Operating Officer and previously served as a director of the Company until June 18, 2026. Her spouse, Mr. Ma Biu, is the Company's Director, Chief Executive Officer, and an ultimate beneficial owner. This makes the acquisition a related party transaction. The Company's audit committee reviewed and approved the acquisition under Section 120 of the NYSE American Company Guide and the Company's related person transaction policy.

About Luda Technology Group Limited

Luda Technology Group Limited is a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. The Company’s history began with Luda Development Limited, incorporated in Hong Kong in 2004 and principally engaged in trading steel flanges and fittings. The Company also trades steel pipes, valves and other steel tubing products and serves customers in China and international markets. Luda is expanding its trading activities into energy, metals and mineral commodities, beginning with thermal coal, and is evaluating potential opportunities involving fluorspar, tungsten, iron ore, rare earth products and copper. For more information, please visit Luda Technology’s official website at www.ludahk.com.

Forward-Looking Statements

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including the Company’s ability to integrate AI Data Quant Tech and realize the anticipated benefits of the acquisition and its expansion into computing infrastructure operations management; its ability to pay the remaining US$200,000 cash consideration and satisfy the conditions for issuing the Consideration Shares; the risk that the largely non-binding MOU with Huazhi Future may not result in definitive agreements or implemented projects; the parties’ ability to secure financing, technical support and other resources for the proposed initiatives; their ability to comply with applicable regulatory requirements for cross-border computing services and ASEAN market expansion; uncertainties concerning the development, commercialization and market acceptance of the proposed computing infrastructure and liquid cooling products and services; and the uncertainties related to market conditions. Additional risks are described under 'Item 3. Key Information—D. Risk Factors' in the Company's most recent annual report on Form 20-F and in its other filings with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Luda Technology Group Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Luda Technology Investor Relations

Email: ir@ludahk.com 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of Luda Technology's AI Data Quant Tech acquisition?

Luda signed an agreement to acquire 55% of AI Data Quant Tech for US$935,000, comprising US$600,000 in cash and US$335,000 in Luda ordinary shares. Upon completion, Luda will acquire 5,500 target-company shares. US$400,000 of the cash portion has been paid; the remaining US$200,000 is due within three months after execution.

Is Luda Technology's Huazhi Future MOU legally binding?

The MOU does not create legally binding obligations except for its confidentiality provisions and the provision addressing its own nature and effect. Specific projects require separate definitive agreements. Its initial term is two years, with automatic one-year renewals unless either party objects in writing.

Why is Luda Technology's AI Data Quant Tech acquisition a related-party transaction?

The seller, Liu Liangping, is Luda's chief operating officer and the spouse of director, CEO and ultimate beneficial owner Ma Biu. Liu is also AI Data Quant Tech's sole director. Luda's audit committee reviewed and approved the acquisition under Section 120 of the NYSE American Company Guide and its related person transaction policy.