Three's Company Future Technology Group Co., Ltd. (605168.SH) has announced a strategic initiative to establish a specialized data center investment and operation platform through a joint venture with its wholly-owned subsidiary and an external partner.
The company will join forces with its subsidiary, Beijing Three's Company Times Intelligent Computing Technology Co., Ltd. (referred to as "Times Intelligent Computing"), and Ningbo Huixin Fu Enterprise Management Co., Ltd. (referred to as "Huixin Fu"), an investment platform under the China Unicom Data Group, to co-found Beijing Zhonglian Cloud Port No.1 Enterprise Management Partnership (Limited Partnership) (provisional name, referred to as "Zhonglian No.1").
The partnership's total subscribed capital contribution amounts to 233 million yuan. Of this, the company, acting as a limited partner, will contribute 140 million yuan, representing 60% of the total subscribed capital. Times Intelligent Computing, serving as the general partner, will contribute 46.5 million yuan, accounting for 20% of the total. Combined, the company and its subsidiary will subscribe to 186 million yuan, or 80% of the total. Huixin Fu, also as a limited partner, will contribute 46.5 million yuan, holding the remaining 20% stake.
Zhonglian No.1 is designed to act as a dedicated platform for data center investment and operations, with plans to identify and acquire high-quality data center assets nationwide, enhancing their value through professional management. The partnership's initial investment will target the Beijing Fangshan data center project, securing a 100% equity stake in the project company.
Through this collaboration with Huixin Fu, the company aims to leverage the complementary strengths of both parties, enabling mutual customer resource empowerment and expanding revenue streams. Additionally, the venture is expected to create synergies with the company's existing digital marketing operations.
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