Ziyuan Holdings' AI Data Center Project Wins Malaysian Approval

Ziyuan Holdings (00990) said its artificial intelligence data center project received approval yesterday from Malaysia's Ministry of Investment, Trade and Industry, according to ETNet. The approval comes with certain water and power infrastructure conditions. The group said it is now advancing the project and rolling out implementation step by step, while aiming to start construction and bring the project into operation as soon as possible. It added that, alongside stable development of its traditional businesses, it will continue to push strategic transformation into AI infrastructure and the lithium value chain.