Changes in Hong Kong stocks | Zhiyuan Holdings (00990) rose more than 6%, the company accelerated AIDC business transformation and launched a 67 MW AIDC project in Southeast Asia

The Zhitong Finance App learned that Zhiyuan Holdings (00990) rose more than 6%. As of press release, it had risen 6.31% to HK$0.59, with a turnover of HK$4.727,700.

According to the news, on the evening of October 7, Zhiyuan Holdings announced the latest trends in the artificial intelligence data center project in Penang, Malaysia. The planned IT capacity of the project is 67 megawatts. The company has signed a data center hosting service agreement with an initial period of 10 years for the total planned IT capacity, and has signed a construction project agreement for the main construction and mechanical and electrical engineering of the project. The relevant preliminary projects have been authorized to carry out work.

It is worth mentioning that Zhiyuan Holdings' AIDC project in Malaysia is progressing rapidly. In May of this year, for the first time, the company clearly proposed in an announcement that it would expand its business around “AI infrastructure-related industrial applications”. Since then, the company further explained the strategic transformation plan in the 2026 mid-term report and stated that it “has begun planning and implementing related work.” In less than half a year, the company further implemented the Penang project site and implemented Changxie customers and project builders.