International Business Settlement Subsidiary and Lu Zeng plan to establish a joint venture company in Laos.
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IB SETTLEMENT 00147 plans to establish a joint venture in Laos with Lu Zeng, focusing on Bitcoin mining and trading. The equity will be distributed in a ratio of 51% to 49%. The initial capital of the joint venture is $2 million, intended for operational funds. The group believes that cryptocurrency has the potential as a store of value and plans to invest in cryptocurrencies with significant market value and long-term holding value. Bitcoin, as the largest cryptocurrency by market capitalization globally, has been in existence for many years.
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