Luda Technology to Acquire 55% Majority Stake in AI Data Center Company
Key Facts
Luda Technology Group said it had signed a memorandum of understanding to acquire 55% of Asia AI Data Center and Quantum Technology, describing it as a proposed transaction rather than a completed acquisition. The announcement was made on June 18, 2026, according to the filing the company submitted to the U.S. Securities and Exchange Commission. The preliminary agreement would give Luda a proposed entry into the data center and AI computing infrastructure sector. The proposed consideration is $400,000 in cash, along with newly issued Luda common shares valued at $535,000. The structure therefore combines a cash payment with a share issuance, while the transfer of the stake remains subject to completion of the proposed transaction.
The proposed transaction concerns Asia AI Data Center and Quantum Technology, which says it works to support data center development and provide advanced cooling systems. The projects it targets include AI applications, high-performance computing and related infrastructure across Asia. The filing says its disclosed project base is anchored by property it owns in Hong Kong. Luda says its proposed entry into this business is part of a strategic shift toward data centers and AI computing infrastructure. That business differs from its existing operations in manufacturing and trading stainless steel and carbon steel fittings and parts.
The filing highlights the seller’s ties to the management of both companies: it says Liu Liangping, a director and chief executive of Asia AI, is also Luda’s chief operating officer. The company added that Liu is the wife of Ma Biao, Luda’s director and chief executive and its ultimate beneficial owner. These ties place the seller and officials of both companies within the same circle in the proposed transaction. The filing lists these relationships alongside the agreement’s details, without providing, in the information available here, a description of independent arrangements to address conflicts of interest. The news therefore concerns a memorandum of understanding announced between two parties whose leadership has executive and family ties, rather than a completed deal.
Ma Biao said the company wants to capitalize on Hong Kong’s role as a “super connector” linking mainland China’s low-cost AI ecosystem with international markets. The company linked this strategy to providing AI models, data center infrastructure and cooling systems. The move goes beyond the proposed stake purchase: before announcing the memorandum of understanding, Luda said it had been exploring investment opportunities in the data center sector globally to diversify its business beyond its traditional markets. In an earlier filing, the company identified 4 avenues for exploring the sector, including design, construction, cooling equipment, a token export model and trading in edge data center equipment. It also said it intended to use its agent network to export AI-related products and services for data centers.
This proposed strategy sits alongside Luda’s existing industrial operations, which the company describes as manufacturing and trading stainless steel and carbon steel fittings, with manufacturing based in Tai’an, Shandong province, China. The filing says the predecessor company, Luda Development, was established in Hong Kong in 2004. The company did not present revenue from AI-related activities as income already being generated; instead, it said it expects to be able to begin generating revenue from AI services. The shift from its industrial business to new services therefore remains a management forecast. The filing did not specify a date for the start of that revenue.