Agencia Comercial Spirits Ltd announced it has entered into two separate nonbinding letters of intent to evaluate potential diversification into AI computing infrastructure and data center opportunities, alongside its existing whisky business. The initiatives include a proposed AI server lease arrangement with Ricloud AI Inc. and a proposed land transaction in Indonesia for a data center site.
Key takeaways
The company entered into a nonbinding letter of intent with Ricloud AI Inc. on January 15, 2026, for a proposed AI server lease arrangement.
The proposed lease with Ricloud contemplates an estimated total contract value of USD 120.0 million for approximately 300 high-performance AI computing servers based on the NVIDIA B300 platform.
The letter of intent with Ricloud requires a USD 3.5 million deposit payable within five business days after execution, which is refundable if a definitive agreement is not executed for reasons not attributable to a material breach.
The company entered into a separate nonbinding letter of intent with an Indonesia-based counterparty for a proposed land transaction to support development of an AI computing infrastructure and data center site in Indonesia.
The Indonesia land transaction contemplates a land parcel of approximately 50,000 square meters and includes a USD 180,000 booking deposit and a subsequent booking fee of IDR 3,000,000,000 plus VAT (11%), stated to be nonrefundable in case of cancellation.
Both letters of intent are nonbinding and preliminary, with no assurance that definitive agreements will be executed or that any contemplated transactions will be completed on the terms described, or at all.