Mobile-Health Network Solutions signs SPA to buy Malaysia data centre developer PPG for USD 1.5 million

Reuters

Mar 20

Mobile-Health Network Solutions signs SPA to buy Malaysia data centre developer PPG for USD 1.5 million

A Strategic Cooperation MOU was signed with the sole shareholder of PP GRID to update a prior MOU covering the acquisition of two AI-optimized data centres and related infrastructure in Malaysia.
The updated terms include acquiring 100% of PP GRID and a planned capital injection of MYR 500 million for construction, in exchange for a 65% equity stake in Mobile-Health Network Solutions.
A definitive SPA was also signed to acquire 100% of PP GRID for USD 1,500,000, satisfied by converting an initial refundable deposit paid under the earlier MOU.
As a condition, the PP GRID shareholder is to procure at least a 96.5% interest in IRIX Properties, which holds title to land designated for a 25MW AI-optimized data centre.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mobile-Health Network Solutions published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-011746), on March 20, 2026, and is solely responsible for the information contained therein.

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