According to Foresight News, International Business Settlement (00147.HK) has announced a joint venture agreement between its wholly-owned subsidiary, Cheng Tai, and Mr. Chen Sanming. The agreement, signed on August 8, 2025, outlines the formation of a new enterprise, with Cheng Tai holding a 70% stake and Mr. Chen Sanming owning 30%. The joint venture will primarily focus on activities related to cryptocurrency assets.