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Brief: TVB Enters Heads Of Agreement With Gaw Capital For Possible AI Computing JV In Hong Kong

BRIEF-TVB Enters Heads Of Agreement With Gaw Capital For Possible AI Computing JV In Hong Kong

- TVB Ltd 0511.HK:

  • ENTERS HEADS OF AGREEMENT WITH GAW CAPITAL FOR POSSIBLE AI COMPUTING JOINT VENTURE IN HONG KONG

  • PROPOSED JV CO TO BE 51% OWNED BY TVB, 49% BY GAW CAPITAL

  • PROJECT FUNDING INCLUDES UP TO HK$2 BILLION EQUITY INVESTMENT BY GAW CAPITAL

  • JV CO SHALL PLAN, DIRECT, FUND DEVELOPMENT BY TVB OF NEW COMPUTING FACILITIES IN TSEUNG KWAN O INDUSTRIAL ESTATE, OTHERS


Further company coverage: 0511.HK


((Reuters.Briefs@thomsonreuters.com;))

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