GRAND MING (01271.HK) announced that it has signed a letter of intent with a potential buyer for the possible sale of data center properties located in Fanling, named iTech Tower 3.1 and iTech Tower 3.2. Among them, Tower 3.1 is substantially completed, with a price not exceeding HKD 1.5 billion; Tower 3.2 is under construction, with the price being the total of the related land and construction costs, of which HKD 650 million has been approved, and the remaining cost will be calculated based on the construction costs needed for completion plus development management fees.
The potential buyer is a data infrastructure builder that provides hyperscale, customized, and colocation data solutions

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GRAND MING has signed a letter of intent with a potential buyer to possibly sell the iTech Tower 3.1 and iTech Tower 3.2 data centers located in Fanling. Tower 3.1 is nearly completed, with a selling price not exceeding HKD 1.5 billion; Tower 3.2 is under construction, with a selling price based on the total land and construction costs, of which the agreed portion is HKD 650 million, while the remaining costs will be calculated based on the construction costs and development management fees required for completion. The potential buyer is a data infrastructure builder