InvestmentApr 28, 2026, 09:17 AM
MNDR Secures MYR 500M Investment for AI Data Centers, 65% Equity Stake
AI Summary
Mobile-health Network Solutions (MNDR) entered a Securities Purchase Agreement to receive a MYR 500 million capital injection from Dato’ Ling Tiung Leng. This investment will grant the purchaser a 65% equity stake in MNDR upon full completion and is earmarked exclusively for the construction of AI Data Centers by PP GRID SDN. BHD. Shares will be issued in tranches at US$14.10 per share, totaling approximately 9 million Class A Ordinary Shares.
Key Highlights
- Secured MYR 500,000,000 capital injection from Dato’ Ling Tiung Leng.
- Purchaser to hold a 65% equity stake in MNDR upon full capital injection.
- Funds exclusively for constructing AI Data Centers by PP GRID SDN. BHD.
- Shares issued at a purchase price of US$14.10 per Class A Ordinary Share.
- Approximately 9,000,000 Class A Ordinary Shares to be issued.
- Capital injection and share issuance will be conducted in stages.
- Each tranche of Sold Shares is subject to a 180-day lock-up restriction.