Mobile-Health Network Solutions Signs MOU to Acquire Two Malaysian AI Data Centers

Reuters
Nov 21
Mobile-Health Network Solutions Signs MOU to Acquire Two Malaysian AI Data Centers

Mobile-health Network Solutions (NASDAQ: MNDR) has signed a legally binding Memorandum of Understanding with PPG PP GRID SDN. BHD. for the acquisition of project companies developing two high-density AI-optimized data centers in Sarawak, Malaysia. The facilities include a 25MW center expected to be completed by Q3 2027, with potential early activation by Q4 2026, and a 150MW center targeted for completion by the end of 2028. As consideration, MNDR is expected to issue up to US$120 million in compensation to PPG, potentially through the staged issuance of up to three million Class A ordinary shares at an agreed price of US$40 per share. PPG will handle all necessary permits and approvals, while MNDR will retain majority voting control after the transaction. The data centers are intended to support the expansion of MNDR's AI-powered health and technology ecosystem, as well as the global launch of new Token as a Service and AI-Powered Healthcare Platform as a Service offerings.

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. Mobile-Health Network Solutions published the original content used to generate this news brief via Newsfile (Ref. ID: 275444) on November 21, 2025, and is solely responsible for the information contained therein.

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