FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Range Intelligent Computing Seeks $2.6 Billion Loan for Hong Kong's Largest Computing Facility

By

Range Intelligent Computing Technology (SHE:300442) is negotiating with banks for approximately HK$20 billion in short-term financing to build Hong Kong's biggest data center in the northern New Territories, Bloomberg News reported on Friday, citing people familiar with the matter.

The company's subsidiary won a bid in March to develop a 110,000 square-meter site into a data-center cluster, with total investment estimated at HK$23.8 billion over three years, the news wire said.

The proposed facility would expand Hong Kong's computing capacity by 36 times and generate about HK$4.6 billion in economic output within its first three years, the publication said.

The loan, which could be structured as a syndicated or bilateral deal, supports the broader Northern Metropolis development project, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Hong Kong Johnson Warns of Up to 90% Drop in Full-Year Profit

Hong Kong Johnson (HKG:1955) expects an 85% to 90% decline in attributable profit for the year ended March 31 from HK$16 million a year prior, according to a Friday Hong Kong bourse filing.The janitorial services provider's revenue is expected to jump between 82% and 87% from HK$1.84 billion in the prior-year period.The firm attributed the profit forecast to higher costs amid sustained geopolitical tensions and rising oil prices, as well as downward pressure on the gross profit margin of the cleaning services sector due to intense competition.

$HKG:1955
Asia

Muyuan Foods' Finished Hog Sales Up 7.4% in May

Muyuan Foods (HKG:2714, SHE:002714) sold nearly 6.9 million finished hogs in May, up 7.4% year on year, according to a Hong Kong bourse filing Friday.The average selling price of finished hogs was around 9.80 yuan per kilogram, representing a year-on-year decrease of 33%.The company generated 8.57 billion yuan in sales from finished hogs during the month, down 30% from a year prior.The lower selling price and sales revenue of finished hogs were mainly due to fluctuations in hog market conditions.

$HKG:2714$SHE:002714
Asia

Zhongliang Logs 550 Million Yuan in May Contracted Sales

Zhongliang (HKG:2772) recorded contracted sales of around 550 million yuan in May, with a gross floor area (GFA) of 58,000 square meters, according to a Friday Hong Kong bourse filing.The property firm's average selling price for the month stood at approximately 9,500 yuan per square meter.For the five months ended May 31, contracted sales and GFA reached roughly 3.12 billion yuan and 319,000 square meters, respectively, with an average selling price of 9,800 yuan per square meter.

$HKG:2772