Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Lum Chang Holdings Limited ( (SG:L19) ) is now available.
Lum Chang Holdings Limited’s Malaysian joint venture, Lum Chang Tien Wah Property Sdn. Bhd., has entered into a venture agreement with MyTelehaus Sdn. Bhd. to develop a data centre facility on a 1.61-acre portion of its land in Petaling Jaya’s Section 13, a move that extends the group’s property investment activities into digital infrastructure. Under the collaboration, LCTWP will provide the development land and construct the core and shell of the data centre, while MyTelehaus will design, fund and execute the mechanical and electrical fit-out, as well as manage, operate, market and lease the data centre suites, signalling a strategic push into the growing data centre segment in Malaysia.
More about Lum Chang Holdings Limited
Lum Chang Holdings Limited is a Singapore-incorporated group whose Malaysian joint venture, Lum Chang Tien Wah Property Sdn. Bhd. (LCTWP), is primarily engaged in property development and investment. LCTWP, a 50:50 joint venture between Kemensah Holdings Pte. Ltd. and Tien Wah Properties Sdn. Bhd., owns leasehold land in Petaling Jaya, Selangor, part of which is being positioned for development as a data centre facility.
Average Trading Volume: 142,438
Technical Sentiment Signal: Buy
Current Market Cap: S$186.5M
For an in-depth examination of L19 stock, go to TipRanks’ Overview page.