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HKG:0199

5 stories mentioning HKG:0199Updated 11d ago

Every FINWIRES story that references HKG:0199, newest first.

Asia

ITC Properties Partners with China Unicom on AI Infrastructure

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.

HKG:0199HKG:0762
Asia

ITC Properties Wins AI Computing Contract

ITC Properties Group (HKG:0199) won a contract to provide artificial intelligence computing services to an independent third-party customer, according to a Friday filing with the Hong Kong bourse.Under the contract, the firm will provide 490 petaflops of computing power resource services and a GPU server cluster of corresponding configuration for a basic service period of 6 months.The total consideration for the period was set at 28.9 million yuan, and 4.8 million yuan per month thereafter.Meanwhile, the firm said it entered an agreement with Ronglian Group (SHE:002642) to secure AI computing power infrastructure.

HKG:0199SHE:002642
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

ITC Properties Raises HK$52.9 Million from Share Placement

ITC Properties Group (HKG:0199) completed the placing of a little over 69.1 million new shares to raise net proceeds of HK$52.9 million, according to a Wednesday Hong Kong bourse filing.The shares, which were placed to at least six investors at HK$0.8 apiece, represent 6.35% of the property developer's enlarged issued share capital.The firm will use proceeds for investment-related initiatives focusing on AI and technology projects, as well as for the expansion of strategic partnerships to support ongoing projects and overseas growth.

HKG:0199
Asia

ITC Properties Eyes HK$55 Million via Stock Offering

ITC Properties Group (HKG:0199) said it was seeking to raise HK$55.3 million via a stock offering, according to a Hong Kong bourse filing Wednesday.The firm is seeking investors for 69.1 million shares priced at HK$0.8 each to raise funds to explore opportunities related to artificial intelligence and web3-related technologies.The shares represent 6.78% of the company's issued share capital an 6.35% as enlarged by the sale.

HKG:0199

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