HK Stock Market Move | CN INT DEV CORP (00264) surged nearly 8% as the company accelerates its efforts to promote the overseas expansion of prefabricated AIDC and its comprehensive service layout.

CN INT DEV CORP (00264) rose nearly 8% again, and as of the time of writing, it was up 5.75% to HKD 2.39, with a transaction volume of HKD 4.936 million. On the news front, on August 3, CN INT DEV CORP announced that its subsidiary, as a service provider, signed a second procurement contract for prefabricated artificial intelligence data center (AIDC) modules with client Brightray Veridian PTE. LTD, with a contract amount of approximately USD 68 million. Earlier, on July 26, the subsidiary had signed its first procurement contract with the same client, amounting to approximately USD 24.98 million. The total value of the two contracts amounts to USD 93 million. It is worth noting that CN INT DEV CORP announced in June that its subsidiary was granted priority supply rights for prefabricated artificial intelligence data center (AIDC) modules by Shanghai Deheng Data Technology Co., Ltd. This agreement is valid for three years, and the strategic partner commits to giving the highest priority for production and capacity allocation for its purchase orders. The group will utilize the products through joint ventures to develop AIDC business in Southeast Asia.