China Supply Chain Holdings Moves Into Data Centres With Tetronis Pilot Project in Hong Kong

The latest update is out from China Supply Chain Holdings Limited ( (HK:3708) ).

China Supply Chain Holdings has signed a Test Version Data Center Agreement with Hong Kong-based Tetronis Limited to build a limited-scale pilot data centre in Hong Kong based on Tetronis’s proprietary “Kodon Technology.” Under the deal, Tetronis will act as main contractor and designer, grant the company a non-transferable technology licence restricted to Hong Kong for constructing and evaluating the test facility, and work jointly on a detailed design, budget and construction schedule within 180 days, with build-out expected to complete within a further 180 days and performance to be verified by an independent third party. The board positions the project as a strategic move into the digital and data centre space, aiming to validate Kodon Technology’s promised gains in storage density and energy efficiency at controlled cost, with an eye to potential future scaled deployment and capturing green, high-efficiency data centre market opportunities, which it says is in the overall interests of the company and its shareholders.

The most recent analyst rating on (HK:3708) stock is a Hold with a HK$0.05 price target. To see the full list of analyst forecasts on China Supply Chain Holdings Limited stock, see the HK:3708 Stock Forecast page.

More about China Supply Chain Holdings Limited

China Supply Chain Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries with a strategic focus on extending its traditional supply-chain-related business into the digital domain, including exploring data centre and related technology opportunities in the Hong Kong market.

Average Trading Volume: 58,221,779

Technical Sentiment Signal: Buy

Current Market Cap: HK$255.1M

Learn more about 3708 stock on TipRanks’ Stock Analysis page.