IBS Proposes HK$563 Million Acquisition of AI Chip Enterprise
HONG KONG SAR – Media OutReach Newswire – 30 October 2026 – International Business Settlement Holdings Limited ("IBS" or the "Company", together with its subsidiaries, the "Group"; stock code: 0147.HK) entered into a Share Purchase Agreement with the shareholder of QuantumCompute Solutions Limited ("QuantumCompute Solutions") to acquire its entire equity interests for a consideration of HK$563…
International Business Settlement Holdings Limited ("IBS") has proposed to acquire the entire equity interests of QuantumCompute Solutions Limited for HK$563 million. Upon completion, QuantumCompute Solutions will become a wholly-owned subsidiary of IBS, with its financials consolidated into the Group's statements. QuantumCompute Solutions holds an 85.94% stake in Shanghai Tianjing Fulian, a company that focuses on AI SoC products and edge computing applications.
The acquisition would allow IBS to expand its business into AI chip design and edge computing infrastructure, capitalizing on the growing demand for low-latency, real-time AI solutions. The Board has appointed Dr. Tang Tianshen as chief strategic consultant to guide the Group's fintech-related businesses.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
