Sime Darby invests $2 billion in data center project with RM

Quick Summary:

Sime Darby Property Bhd (SDP) is making its foray into the data centre business in a RM2bil deal.

Revenue for the quarter jumped 42.8% to a record-high of RM978.7mil since the 2017 demerger versus RM685.3mil last year.“This is our best quarter since the demerger from the group.

Just as we are known for our landed, we also want to be good in the high-rise segment.“As a whole, we are launching more high-rise developments because we feel we have (land parcels) in the right location in mature townships, so we can push for this,” he added.

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Article Details

Author / Journalist: DANIEL KHOO

Category: EconomyBusiness

Markets: MalaysiaChinaUnited Kingdom

Topics: Datacentre Corporate News Recurringincome /Business/Business News ElminaBusinessPark Realestate Propertydevelopment SimeDarbyProperty Technology Highrise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-24 @ 00:00:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 916 words

Reading Time: 6 minutes read

Sentences: 28 lines

Sentence Length: 33 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21069401

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