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
$14.51 |
Change
0.220(1.54%) |
Mkt cap ! $9.292B |
Open | High | Low | Value | Volume |
$14.25 | $14.62 | $14.19 | $28.12M | 1.942M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1597 | $14.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.55 | 37 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1597 | 14.510 |
4 | 8872 | 14.500 |
1 | 50 | 14.490 |
1 | 4562 | 14.480 |
1 | 3051 | 14.470 |
Price($) | Vol. | No. |
---|---|---|
14.550 | 37 | 1 |
14.560 | 500 | 1 |
14.620 | 10000 | 1 |
14.650 | 1325 | 3 |
14.690 | 350 | 1 |
Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
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