Zhiyuan Holdings (至源控股; HKEX: 00990) secured Malaysian approval for its AI data-center project, conditional on water and power arrangements.

Zhiyuan Holdings (至源控股; Hong Kong Stock Exchange: 00990) announced that its AI data-center project received approval from Malaysia’s Ministry of Investment, Trade and Industry (MITI) on September 7. The supplied source is a Telegram report of the company’s Hong Kong announcement, rather than the approval document itself.

The approval carries water- and electricity-related conditions, which the company said its team was working to implement. It therefore represents conditional project approval, not confirmation that all utility arrangements are secured.

Management said it would accelerate preparations and seek to begin construction and production as soon as possible. The report does not disclose a firm construction date, commissioning date, megawatt capacity, hardware order, customer contract, or financing package, so these intentions should not be treated as deployment results.