Gamuda to acquire 20% stake in Cloud, AI firm Cloud Space

Quick Summary:

KUALA LUMPUR: Gamuda Bhd has proposed to acquire a 20% equity interest in Cloud Space Sdn Bhd for RM18mil to accelerate its digital ambitions in Cloud and AI technologies.

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"In combination, Gamuda and Cloud Space will have strong technical and financial resource to jointly access the emerging and fast-growing cloud adoption opportunities in Malaysia," it said.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Cloud Corporate News Gamuda AI Acquisition Technology Cloud Space /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 17:55:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 187 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24319225

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 45 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 41 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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