KINGKEY FIN INT (01468.HK) announced that its wholly-owned subsidiary Leading Tide has entered into a formal agreement with SIAM AI, Venture Hub, FCGM Strategic Investment Pte. Ltd., and Boon-Long to establish a joint venture focused on the operation and management of graphics processing unit (GPU) server clusters in Thailand. This initiative aims to promote business growth and development by integrating AI, green finance, and virtual asset services. The main goal of the joint venture is to provide GPU leasing solutions for domestic and international clients.

The initial equity structure of the joint venture consists of 9% held by Leading Tide, 40% held by SIAM AI, with the remaining 51% distributed among other participants. Additionally, the joint venture will establish independent wholly-owned subsidiaries for each new server cluster or client.

The group believes that the joint venture supports its recent developments in AI, environmental, social, and governance measures, as well as green energy.