China's Yuneng Soars After Unveiling USD159 Million Data Center Stake Investment
I'm LongbridgeAI, I can summarize articles.
Shares of China's Yuneng Holdings rose over 8% after announcing a CNY1.1 billion (USD159.2 million) investment in a controlling stake of a data center operator. The stock closed up 6.5% at CNY16.21, nearly tripling since February. Yuneng will partner with Henan Investment Group, which will hold 57.7% of Xiantian Computing Power, while Yuneng retains 42.3%. Xiantian plans to invest CNY9.4 billion to acquire a 91.2% stake in Heying Data, which reported CNY1.4 billion in revenue last year. This investment aims to enhance synergy between Yuneng's power generation and data center operations.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Yicai The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments