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
Ann: Notice of initial substantial shareholder for SOV, page-3
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Last
$17.92 |
Change
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Mkt cap ! $10.76B | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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$17.89 |
Change
0.120 ( 0.78 %) |
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