Lum Chang Holdings’ joint venture company in Malaysia has entered into a venture collaboration agreement to develop a data centre facility in Petaling Jaya, KL, Malaysia.
The JV company, Lum Chang Tien Wah Property (LCTWP), is a 50%-50% joint venture with the property investment arm of Tien Wah Press Holdings, a Bursa-listed company.
Both parties will develop, construct, fit-out, lease and operate a data centre on the land, while the collaboration agreement with MyTelehaus will see it being responsible for design, build, installation, testing and commissioning of M&E for the data centre.
The group says that the entry into this venture agreement is not expected to have any material impact on net tangible assets per share and earnings per share of the group for FY2026 ended June 30.
No available timeline has been provided for the completion of this data centre project.
Shares in Lum Chang Holdings closed 0.5 cents higher or 1.01% up at 50 cents on Jan 7.
