Chinese Data Center Firm Zdata Seeks $500 Million Private Loan
Chinese data center firm Zdata Technologies Co. is seeking a private loan of approximately $500 million to fund a project in Malaysia. This move comes as the demand for digital infrastructure is increasing across Asia. The company aims to utilize the loan to finance its expansion plans, tapping into the growing need for data centers in the region. The deal is the latest in a series of similar transactions in Asia, as companies strive to meet the rising demand for digital services and infrastructure. The private loan will enable Zdata to bolster its position in the rapidly evolving data center market, catering to the increasing reliance on digital technologies across various sectors. The successful acquisition of the loan will be a significant step for the company in its efforts to strengthen its presence and contribute to the region's digital transformation.
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