Asia-Pacific Strategic Investments Limited (SG:5RA) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Asia-Pacific Strategic Investments Limited (APS), an SGX-listed real estate firm, is expanding its portfolio by purchasing Mobii Genius Co., Ltd., a Taiwanese provider of sustainable data solutions, for US$150 million. This acquisition signals APS’s entry into the eco-friendly tech space with the development of zero-carbon data centers in Southeast Asia, aiming to meet the region’s growing digital sector demands while minimizing environmental impact. APS plans to utilize Mobii Genius’ proprietary green technology, which includes carbon-neutral computing equipment and energy-saving algorithms, to drive sustainable growth and shareholder value.
For further insights into SG:5RA stock, check out TipRanks’ Stock Analysis page.
