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C-Link Squared Stock Gains on Malaysian AI Data Center Approval
Shares of C-Link Squared Limited (00990.HK) gained in early trading after the company announced its proposed artificial intelligence data center in Malaysia received key government approval, marking a significant step in the firm's strategic expansion into high-tech infrastructure.
Project Gets Green Light
In a corporate announcement on September 7, C-Link Squared confirmed its Artificial Intelligence Data Center (AIDC) project was officially approved by Malaysia's Ministry of Investment, Trade and Industry (MITI). The company stated this approval represents a major milestone for the initiative.
According to the statement, the project will now enter an "accelerated deployment phase." The management team intends to fast-track preparations to begin construction and launch operations as soon as possible.
Market Reaction
The development was met with a positive response from investors. The company's stock jumped nearly 5% in early trading on the Hong Kong Stock Exchange.
AdAs of the latest available data, shares were trading up 1.63% at HK$0.625, with a total turnover of HK$2.847 million.
Strategic Pivot to AI
The AIDC project is a central part of C-Link Squared's ongoing strategic transformation. The company is seeking to build new growth drivers beyond its traditional business lines.
This strategy involves a deliberate pivot into AI infrastructure and the lithium value chain. C-Link Squared aims for these new ventures to provide fresh momentum for the group's future development while its conventional operations remain stable.
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