FINWIRES · TerminalLIVE
FINWIRES

YTL Power Signs Pact with JL Land to Develop New Data Center Campus in Malaysia

By

YTL Power International Berhad (KLSE:YTLPOWR), through its subsidiary SIPP Power, has partnered with JLand Group to jointly develop a gigawatt-scale data center campus at Sedenak Tech Park West, Johor, Malaysia, according to a Wednesday statement.

Under the pact, SIPP Power will acquire about 145 acres, with an option for up to 400 more, expanding the potential campus footprint to about 545 acres.

The Sedenak campus is expected to complement the company's YTL Green Data Centre Park in Kulai, Johor, with a planned capacity of up to 1.2 gigawatts.

Related Articles

Asia

Market Chatter: Mitsubishi Logistics Plans $40 Million Investment in Two New Distribution Centers in US

Mitsubishi Logistics (TYO:9301) plans to build two new distribution centers in Charlotte, North Carolina, and Houston, Texas, in the U.S. with an investment worth $40 million and later sell the assets, boosting returns on equity, Nikkei Asia reported Wednesday.The investments are part of a plan to expand the overseas real estate business of the company, with the completion of the centers scheduled for 2027, the report said.The new centers, located in the Sun Belt, will span 230,000 square feet in Charlotte and 710,000 square feet in Houston. The proceeds from selling the assets will be used to fund other growth investments, according to the report.(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.)

Nikkei 225TYO:9301
Asia

Viva Leisure Declares Maiden Dividend, Shares Rise 9%

Viva Leisure's (ASX:VVA) board declared a maiden dividend of AU$0.03 per share payable Oct. 20 to shareholders on record as of Sept. 29, according to a Wednesday Australian bourse filing.Its shares rose 9% in recent trading on Wednesday.

ASX:VVA
Asia

ITMAX System Bags New Order Worth MYR187 Million

ITMAX System (KLSE:ITMAX) has secured an order worth 186.8 million ringgit from the Pertubuhan Keselamatan Sosial (Perkeso), according to a Tuesday filing to the Malaysian stock exchange.The company's shares were down over 1% in Wednesday's trade.Under the contract, the company will develop, integrate, deploy, operate and maintain Perkeso's artificial intelligence (AI)-powered employment portal.The contract will be valid for five years starting Sept. 1 to Aug. 31, 2031.

KLSE:ITMAX