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 Aug 10 (Reuters) - 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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