HK Stock Market Move | CN INT DEV CORP (00264) rose more than 10% as the company signed its second recent procurement contract for prefabricated AI data center modules.

CN INT DEV CORP (00264) continued to rise in the late trading hours, and as of the time of writing, it had increased by 10.78%, reaching HKD 2.26, with a trading volume of HKD 25.4193 million. In news, on August 3, CN INT DEV CORP announced that its subsidiary, as a service provider, signed a second module procurement contract for prefabricated artificial intelligence data centers (AIDC) with client Brightray Veridian PTE. LTD, with a contract value of approximately USD 68 million. Earlier, on July 26, the subsidiary had already signed the first procurement contract with this client, valued at approximately USD 24.98 million. The total value of both contracts amounts to USD 93 million. It is reported that the delivery location for the second procurement contract is also at the AIDC project site in Johor Bahru, Malaysia, where the client is located. The subsidiary will continue to provide the client with a full-process procurement and deployment service that includes the procurement of prefabricated AIDC modules and supporting components, standardized modular transportation arrangements, designated port delivery, on-site verification testing, and installation. The signing of this follow-up contract reflects the overseas client's phased recognition of the service companys previous delivery performance and willingness to establish a long-term cooperative relationship.