I think it is real-estate strategy. If you go to Singapore, you'll know what I mean.
In a nutshell... They've run out of land!
Johor which is a few hundred metres across a channel linked by a couple of bridges, AND where most of the fresh food and water in Malaysia comes from; is a giant city with plenty of land! So building a DC there in future or at least securing a parcel of industrial land there in the future with access to the island-city of Singapore would be strategic! Applications and servers that don't have Singapore Sovereignty Data/running/control requirements, can be put in that DC in Johor if needed.
Anyways, above is a WILD guess! DYOR
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Ann: Notice of initial substantial shareholder for SOV, page-3
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Last
$14.29 |
Change
-0.030(0.21%) |
Mkt cap ! $9.151B |
Open | High | Low | Value | Volume |
$14.30 | $14.36 | $14.12 | $18.07M | 1.266M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $14.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.32 | 1613 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 14.280 |
2 | 202 | 14.260 |
2 | 1613 | 14.230 |
1 | 716 | 14.200 |
1 | 3000 | 14.190 |
Price($) | Vol. | No. |
---|---|---|
14.320 | 1613 | 2 |
14.350 | 8433 | 2 |
14.360 | 4280 | 1 |
14.390 | 100 | 1 |
14.400 | 14057 | 3 |
Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
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