Valuetronics invests HK$7.7 million in cash for a 55% interest in the JV company; remaining 45% interest held by JV partner, Sinnet Cloud HK Ltd. It was announced on 24 Jun 2024.
The JV will provide GPU and AI related value-added cloud services in Hong Kong.
Favourable market demand supported by continuous advancements in AI and increasing needs for AI infrastructure services.
There are opportunities to manufacture for AI-related hardware that are within the Group’s existing manufacturing capabilities.
I followed $Valuetronics(BN2.SI)$ more than 3 years, I endorsed that company management team are upright and trustworthy.
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