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HKG:0994

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Asia

CT Vision Plans for Green AI Data Center in Malaysia Under MOU With Key ASIC Berhad

CT Vision S.L. (International) Holdings (HKG:0994) has signed a memorandum of understanding with Key ASIC Berhad (KLSE:KEYASIC) to potentially build an environmentally friendly 300-megawatt artificial intelligence data center in Malaysia.The construction company, which has dealt with renewable energy projects, said the proposed data center would meet at least 50% of its energy needs from green sources, including wind, solar, and biomass.The MOU does not guarantee that a binding agreement will materialize. If finalized, CT Vision said it expects to diversify into the lucrative AI infrastructure market by leveraging its engineering, procurement, and construction expertise.

HKG:0994KLSE:KEYASIC
Asia

Key ASIC Signs Agreement to Develop Green AI Data Center

Key ASIC (KLSE:KEYASIC) signed a strategic cooperation memorandum of understanding with CT Vision (International) (HKG:0994) to jointly develop a green AI data center in Malaysia, according to a Friday filing.The project aims to integrate green energy infrastructure with advanced AI computing capabilities, with an IT load capacity of around 300 megawatts.The integrated circuit design company will provide technical support for the project while CT will bring in international financing and new energy technologies.The MOU has an initial term of 10 years.

HKG:0994KLSE:KEYASIC
Asia

CT Vision Attracts HK$12 Million Investment, to Raise Further HK$54 Million From Equity Markets

CT Vision (HKG:0994) agreed to issue HK$10.8 million worth of shares to an investor and would seek a further HK$54 million via the equity markets, according to a Wednesday filing with the Hong Kong bourse.The renewable energy company's shares gained nearly 6% in late morning trade Thursday.The company agreed to issue 30 million shares at HK$0.36 apiece to Arta Asset Management and simultaneously launched a public offering for another 150 million shares at the same price.Proceeds from the sales will be used to expand and develop the company's renewable energy and aerospace businesses.

HKG:0994

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