Frencken Stock Falls 7.5% After $100 Million Share Placement
Singapore tech solutions provider prices 44.1 million new shares at a 10% discount as trading resumes following two-day halt
Every BriefAsia story tagged Ai Infrastructure, newest first.

Singapore tech solutions provider prices 44.1 million new shares at a 10% discount as trading resumes following two-day halt

CCSH Corporation aims to raise at least RMB 33 billion on the Star Market as AI data center demand fuels memory chip growth

Chinese tech giant targets non-US investors in largest capital raise since 2019, earmarking entire proceeds for artificial intelligence infrastructure and capabilities.

The conglomerate's aggressive fundraising push comes as it scales data center capacity to meet surging AI infrastructure demand from hyperscale clients

The Hangzhou-based tech giant plans a Hong Kong share placement to fund its global AI ambitions as competition intensifies across Asia's cloud and model development landscape.

Telco aims to double its information services footprint within six years, betting on AI-fueled enterprise IT demand rather than market-share battles