AsiaPhos in Tie-Up Talks with China Mobile International; Shares Zoom 13%

MT Newswires

02/10

AsiaPhos (SGX:5WV) signed a letter of intent with China Mobile International to form a strategic partnership for data center and AI computing opportunities in Indonesia, Malaysia and Singapore, according to a Tuesday filing with the Singapore Exchange.

Under the LOI, China Mobile (HKG:0941, SHA:600941) subsidiary CMI will introduce AsiaPhos to potential data center, AI and computing services customers.

Shares of the solar and clean energy solutions company surged nearly 13% in Tuesday trading.

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