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Enterprise Development Expands into AI Data Centers
Company Announcements

Enterprise Development Expands into AI Data Centers

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.

For further insights into HK:1808 stock, check out TipRanks’ Stock Analysis page.

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