FINWIRES · TerminalLIVE
FINWIRES

ITC Properties Partners with China Unicom on AI Infrastructure

By

ITC Properties (HKG:0199) signed a memorandum of understanding with China Unicom (Hong Kong) (HKG:0762) to explore cooperation in artificial intelligence computing infrastructure and related businesses in Hong Kong, according to a Friday bourse filing.

The companies plan to collaborate on data center resources, AI computing services, and market development opportunities in Hong Kong.

China Unicom Hong Kong intends to provide at least 2 megawatts of data center capacity within three months and a further 4 megawatts within six to nine months, subject to definitive agreements.

The cooperation framework also covers potential participation in China Unicom Hong Kong's new data center project in Fanling, where ITC intends to secure about 8 to 10 megawatts of capacity for sublease to customers.

Related Articles

Asia

Yest Wins KRW22.8 Billion Semiconductor Manufacturing Equipment Order from Samsung Electronics; Shares Rise 6%

Yest (KOSDAQ:122640) secured an order for optical communication network equipment from Samsung Electronics (KRX:005930), according to a Thursday filing with the Korea Exchange.The contract, valued at 22.82 billion won, is valid till Dec. 30, 2027.Shares of Yest rose nearly 6% in recent trade.

KOSDAQ:122640KRX:005930
Asia

LiComm Wins Optical Communication Network Equipment Order from 1Finity; LiComm Shares Jump 30%

Electronics manufacturer LiComm (KOSDAQ:388790) secured an order for optical communication network equipment from Fujitsu (TYO:6702) subsidiary and telecommunications and network solutions firm 1Finity, according to a Thursday filing with the Korea Exchange.The contract, valued at 3.87 billion won, is valid till Dec. 6, 2027.Shares of LiComm jumped nearly 30% in recent trade, while those of Fujitsu fell nearly 3%.

KOSDAQ:388790TYO:6702
Asia

Guoco Group to Develop Singapore Property via JV

Guoco Group (HKG:0053) agreed to set up a joint venture with real estate firms, Intrepid and TIDR, to develop a residential project in Singapore's Lentor Central, according to a Wednesday filing with the Hong Kong bourse.The project, which involves a property acquired for HK$4.03 billion via tender, spans 15,925.8 square meters and could potentially yield 562 residential units,Guoco will acquire a 50% interest in the joint venture, Intrepid will own 40%, while TIDR will take the remaining 10%.The partners will contribute HK$1.45 billion to the venture in proportion to their ownership of the JV. In Guoco's case, the capital contribution will amount to HK$724.4 million, comprising HK$165.4 million in share capital and HK$559 million in loans.A further HK$3.89 billion was arranged to finance part of the property's acquisition cost and the project's future construction costs and working capital.Guoco also agreed to provide project management and services to the project under a separate agreement that would expire on June 2, 2029.Intrepid and TIDR are associated with Guoco through its substantial shareholder Hong Leong Investment Holdings.

HKG:0053