Hong Kong Stock Moves: ITC Properties Surges Over 10% After Securing 1GW Green AI Computing Base in Nantong, Accelerating Shift to NeoCloud Platform

Stock News10:14

ITC Properties (00199) surged more than 10% in early trading, reaching HK$2.37 at the time of writing, up 10.23% with a turnover of HK$6.6614 million.

On the news front, the company recently signed a strategic cooperation memorandum with the Rugao Yangkou Port Economic Development Zone Management Committee. The agreement outlines plans to leverage Yangkou Port's locational advantages in port resources, energy infrastructure, industrial development potential, and green low-carbon conditions. The collaboration aims to invest in and build green AI computing infrastructure, computing resource operation platforms, and related supporting industries in the region.

A recent analysis highlighted that ITC Properties has secured an AI infrastructure gateway in the core Yangtze River Delta region, equipped with green energy support and gigawatt-level scalability. This move signifies more than just a single project; it represents the company's acquisition of a rare capability in the AI era to organize land, power, energy, capital, technology, and industrial demand. The 1GW green AI computing base at Yangkou Port formally marks ITC Properties' accelerated evolution from a traditional asset investment platform into a global AI infrastructure and NeoCloud platform.

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