AIFA To Acquire Controlling Stake In HyalRoute For About US$2.31 Bln

KUALA LUMPUR, May 25 (Bernama) -- All In FutureTech Alliance Inc (AIFA) announced plans to acquire a 57.67 per cent controlling stake in HyalRoute Fiber-Optic Communication Group (HyalRoute) in a transaction valued at about US$2.31 billion. (US$1=RM3.96)

According to a statement, this acquisition marks a major milestone in AIFA’s transformation into a global technology operating platform with “optics-centred” artificial intelligence (AI) infrastructure.

The acquisition will be funded entirely through newly issued AIFA common shares at a reference price of US$10.00 per share, based on an overall valuation of US$4.0 billion for HyalRoute.

AIFA Chairman and Chief Executive Officer, James Li said the transaction followed nearly three years of negotiations and due diligence.

He said the deal aligns with the company’s strategy of combining infrastructure assets with AI application development, adding that fibre-optic communications infrastructure is becoming increasingly important as global demand for AI computing, cloud connectivity, and data transmission continues to accelerate.

AIFA said the acquisition will strengthen its position in AI-driven digital infrastructure through HyalRoute’s fibre-optic transmission networks, submarine cable assets and cross-border connectivity capabilities across Southeast Asia.

HyalRoute operates approximately 85,000 kilometres of fibre-optic networks across Southeast Asia, including operations in the Philippines, Cambodia, Myanmar, Laos, Thailand, Singapore and Malaysia, while also holding capacity in the Asia-Africa-Europe-1 submarine cable system.

HyalRoute generated revenue of approximately US$219 million and net income of about US$108.5 million in 2025, reflecting a recovery in business performance following the COVID-19 pandemic.

The company added that an independent valuation by Pinetree Advisory and Valuation Limited estimated HyalRoute’s value at US$4.3 billion.

-- BERNAMA