• Singapore stock market and companies daily report (SinoCloud) (September 30, 2015)

    SinoCloud has announced the formation of SinoCloud Asset Management, a strategic formation to manage the group’s data centre business in the People’s Republic of China.

    Following shareholders’ approval to acquire a 63 percent interest in a Tier-4 data centre in Guiyang, PRC, the establishment of SinoCloud Asset Management will enable the group to dedicate resources and capabilities in providing data centre management solution to ride on the growing demand in China.

    In addition to the new data management arm, the group has executed a series of restructuring initiatives aimed at creating a deft and capability-centric organization. To that end, the group has reorganized its management team, in particularly with the appointment of new CEO, Mr Andrew Chan, to better manage its overall business while formulating key strategies and approaches towards revitalizing its key business domains.

    Contributed by Shares Investment
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