Grand Ming Group Holdings Ltd. Announces Potential HK$1.5 Billion Transaction for Data Centre Projects in Fanling

Reuters

2025/06/19

Grand Ming Group Holdings Ltd. Announces Potential HK$1.5 Billion Transaction for Data Centre Projects in Fanling

Grand Ming Group Holdings Ltd. has announced a potential transaction involving the sale of its entire issued share capital of Regal Development and Golden Ford, both associated with high-tier data center projects in Fanling, New Territories, Hong Kong. The transaction is subject to the completion of definitive agreements and fulfillment of conditions precedent. Currently, the iTech Tower 3.1 is substantially completed, while iTech Tower 3.2 is under construction. The consideration for Regal Development is expected to be up to HK$1.5 billion, with final terms depending on due diligence outcomes. The company's board advises shareholders and investors to exercise caution in dealings. Further announcements will be made in compliance with Listing Rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Ming Group Holdings Ltd. published the original content used to generate this news brief on June 19, 2025, and is solely responsible for the information contained therein.

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Announces Potential HK$1.5 Billion Transaction for Data Centre Projects in Fanling\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-19 22:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Grand Ming Group Holdings Ltd. 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