Summary by Futu AI
Kingkey Fin Int (Holdings) Limited ('Kingkey Fin Int') announced on June 19, 2024 that it has signed a non-binding memorandum of understanding with SIAM AI Corporation Company Limited ('Potential Partner'), a cloud-based AI service provider in Thailand, to explore the establishment of a joint venture that focuses on financing and investing in Southeast Asian datacenters for artificial intelligence. The joint venture will strive to develop green energy facilities and provide green financing that meets ESG sustainability requirements. Both parties agree to negotiate and sign a legally binding cooperation agreement within 90 days, otherwise the memorandum of understanding will terminate. The Potential Partner is registered in Thailand and has partnered with several top companies, including a transnational AI intelligent chip company listed on Nasdaq in the United States. Kingkey Fin Int stated that this collaboration will help expand its business portfolio and revenue sources, while seizing global business opportunities that combine AI with green energy.