FINWIRES · TerminalLIVE
FINWIRES

MN Unit Bags MYR84 Million Contract to Power Malaysian Data Center; Shares Rise 3%

By

MN (KLSE:MNHLDG) unit MN Utilities Engineering secured a letter of award worth 83.5 million ringgit to build a 275 kilovolt consumer landing station for a data centre project in southern Peninsular Malaysia, according to a Friday Malaysian bourse filing.

Shares gained over 3% in Monday's midday trade.

The work involved covers the design, building, provision, fitting, testing, and operational startup of a facility for a data hosting and processing company.

The project is scheduled to run from May 11, 2026, to January 31, 2027, and is expected to contribute positively to future earnings and net assets, the filing said.

Related Articles

Asia

Telix Pharmaceuticals Shares Fall 3% After Entering Collaboration to Explore Prostate Cancer Imaging in New Treatment Approaches

Telix Pharmaceuticals (ASX:TLX) shares fell 3% in recent Monday trade after the company said late Friday it has entered into letters of intent to pursue collaborations with EDAP TMS and Profound Medical, developers of minimally invasive and image-guided ablative treatment technologies for prostate cancer.The company said in a statement that the collaborations will explore the investigational use of its prostate-specific membrane antigen positron emission tomography imaging agents Gozellix and Illuccix with robotic high-intensity focused ultrasound and other image-guided therapies designed to treat localized prostate cancer, including transurethral ultrasound ablation.

ASX:TLX
Asia

ITC Properties Explores AI Infrastructure Venture With Telecom Services Firm; Shares Jump 12%

ITC Properties (HKG:0199) signed a memorandum of understanding with Beijing Qiyuan Zhisuan Data Technology to explore cooperation in artificial intelligence infrastructure and data center businesses, according to a May 15 Hong Kong bourse filing.Shares of the property developer rose nearly 12% in late-morning trade on Monday.The companies plan to collaborate on AI infrastructure, internet data center resources, artificial intelligence data center development, computing power services, and data center operations.ITC said the parties may also explore a variable interest entity structure involving Qiyuan Zhisuan, which holds telecommunications licenses in China for internet data center and internet access services.The memorandum will remain valid for 12 months unless terminated earlier.

HKG:0199
Asia

ChinHung International Wins KRW62.6 Billion Housing Redevelopment Project in Jeongneung-dong, South Korea

ChinHung International (KRX:002780) secured a construction order to build 209 apartment units and ancillary welfare facilities at the site around 223-1 Jeongneung-dong, Seongbuk-gu, Seoul, according to a Monday filing on the Hong Kong Stock Exchange.The contract is valued at 62.6 billion won. The contract period runs until the end of the month, marking 32 months from the actual start of construction, the filing said.Shares of ChinHung International fell nearly 1% in recent trade.

KRX:002780