DEEP SOURCE (00990) has announced a pivotal development, revealing that its artificial intelligence data center (AIDC) project officially received approval from Malaysia's Ministry of Investment, Trade and Industry (MITI) on September 7, 2026. This approval marks a significant milestone in the company's strategic advancement within the region.
The authorization comes with certain conditions related to local water and electricity utilities, and the company's dedicated team is currently working diligently to address and fulfill these requirements in a timely manner. This successful clearance propels the AIDC initiative into an accelerated deployment phase, with management committed to expediting all preparatory work to ensure construction commences promptly and the facility begins operations at the earliest opportunity.
Building on the stable performance of its traditional business operations, the company is proactively steering its strategic transformation towards AI infrastructure and the lithium value chain. These initiatives are designed to cultivate fresh growth momentum for the group's future development, positioning it to capitalize on emerging opportunities in the evolving technological landscape.