Report: Zhonglian Data seeks $500 million in private credit to raise funds for a project in Malaysia
According to informed sources, Zhonglian Yungang Data Technology Co., Ltd. (ZData) is seeking approximately $500 million in private credit to fund a project in Malaysia. As demand for digital infrastructure surges, similar transactions are emerging in Asia. ZData plans to use the proceeds to build a data center in Johor, Malaysia. The term of the transaction may be around two to three years. ZData's clients include companies such as Alibaba, ByteDance, and Tencent. (Bloomberg)
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