Luda Technology Plans to Acquire 55% Stake in AI Data Center Company for $935,000

Luda Technology Group (NYSE American: LUD) has signed a share purchase agreement on October 29 to acquire a 55% stake in Asia AI Data Centre & Quantum Technology for $935,000, marking its formal entry into computing infrastructure operations. Alongside the acquisition, Luda signed a strategic cooperation memorandum with Huazhi Future, a subsidiary of Nasdaq-listed Maase, covering Southeast Asian computing power expansion, liquid cooling technology R&D, and financing collaboration. The two parties plan to jointly build or operate intelligent computing centers and edge computing nodes across the ASEAN region, and to explore establishing a joint liquid cooling technology laboratory. The deal positions Luda to tap growing AI-driven demand for data center capacity in Southeast Asia. The memorandum is a non-binding framework, with specific projects subject to separate definitive agreements, so investors should watch for formal contract signings and execution details.