Grand Ming Sells Data Center Properties to Amazon for HK$2.4 Billion; Shares Soar 41%
Grand Ming Group (HKG:1271) will sell two data center projects to U.S. tech giant Amazon's Hong Kong unit for up to HK$2.4 billion, according to a Friday bourse filing.The move is expected to deleverage Grand Ming's balance sheet and provide it with working capital, the company said.Shares were up 41% on the HKEX.