According to Aastocks, Hong Kong-listed company Guofu Quantum announced the acquisition of 11.89 million issued shares of Luffa AI, a decentralized social and messaging platform, for $19.8 million (approximately HK$154 million), and further subscribed to 10 million new shares of Luffa AI for $20 million (approximately HK$156 million). Upon completion of the transaction, the company will hold a 19.9% equity stake in Luffa AI. Luffa AI primarily develops and operates communication and social network products and related services based on artificial intelligence and Web3 technologies, utilizing end-to-end encryption and distributed systems to protect user data, and providing decentralized identity, permission management, and other services as an infrastructure layer for autonomous AI agents.
Guofu Quantum Acquires 19.9% Stake in Luffa AI for $39.8 Million
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Summary
Guofu Quantum, a Hong Kong-listed company, acquired a 19.9% stake in Luffa AI for $39.8 million, comprising $19.8 million for 11.89 million existing shares and $20 million for 10 million new shares. Luffa AI operates a decentralized, AI-powered messaging and social platform utilizing end-to-end encryption and distributed technologies. The acquisition follows growing interest in AI and crypto developments, as investors monitor inflation data for market indicators.
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