SGX-Listed Real Estate Developer APS To Acquire Taiwanese Sustainable Data Solutions Provider, Mobii Genius Co., Ltd. [Yahoo! Finance]
SINGAPORE EXCH UNSP/ADR (SPXCY)
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Source: Yahoo! Finance
Mobii Genius' proprietary green technology solutions— including carbon-neutral equipment and algorithms — are powered by chips created in partnership with an international graphic processing unit (" GPU ") company SINGAPORE April 9, 2024 /PRNewswire/ -- Asia-Pacific Strategic Investments Limited (APS) , an SGX-listed real estate developer, announced today their plans to acquire a 100% stake in Taiwanese sustainable data solutions provider, Mobii Genius Co., Ltd. The US$150 million acquisition will mark APS's expansion beyond hospitality and elderly care facilities, into the development of zero-carbon data centres across Southeast Asia As the fastest-growing internet economy in the world [1] Southeast Asia's digital sector is projected to produce 20 million tonnes of carbon emissions by 2030 [2] . The move to greener data infrastructure plays a crucial role in reducing this footprint, as well as the strain of data centres' energy needs on water and land resources. "Creating gree
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