Enterprise Development Holdings Limited (HK:1808) has released an update.
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Enterprise Development Holdings Limited has announced plans to enter a joint venture and create a segregated portfolio company (SPC) aimed at investing in and developing Artificial Intelligence Internet Data Center infrastructure, particularly in the Middle East and Southeast Asia. With a collective target of US$50 million for the SPC, the company and its partner will commit US$5 million and US$15 million respectively. This strategic move is expected to enhance the company’s investment in emerging sectors and complement its main business activities in providing integrated IT solutions.
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