Kuala lumpur: All In FutureTech Alliance Inc (AIFA) has announced its plans to acquire a 57.67 percent controlling stake in HyalRoute Fiber-Optic Communication Group (HyalRoute) in a transaction valued at approximately $2.31 billion. This acquisition represents a significant step in AIFA's expansion into a global technology platform centered on artificial intelligence (AI) infrastructure.

According to BERNAMA News Agency, the acquisition will be financed entirely through newly issued AIFA common shares, set at a reference price of $10.00 per share. This is based on an overall valuation of $4.0 billion for HyalRoute. AIFA Chairman and CEO, James Li, noted that the transaction is the culmination of nearly three years of negotiations and due diligence, aligning with the company's strategy to integrate infrastructure assets with AI application development.

The acquisition is expected to bolster AIFA's position in AI-driven digital infrastructure, leveraging HyalRoute's extensive fiber-optic transmission networks, submarine cable assets, and cross-border connectivity capabilities throughout Southeast Asia. HyalRoute operates around 85,000 kilometers of fiber-optic networks across several countries, including the Philippines, Cambodia, Myanmar, Laos, Thailand, Singapore, and Malaysia. The company also holds capacity in the Asia-Africa-Europe-1 submarine cable system.

HyalRoute has shown a strong business recovery post-pandemic, generating revenue of approximately $219 million and a net income of about $108.5 million in 2025. An independent valuation by Pinetree Advisory and Valuation Limited has estimated HyalRoute's value at $4.3 billion, reinforcing the strategic significance of this acquisition for AIFA.

Source: BERNAMA News Agency