The Zhitong Finance App learned that Dexiang Real Estate (00199) rose by more than 13%. As of press release, it had risen 9.7% to HK$2.6, with a turnover of HK$18.1065 million.

According to the news, Dexiang Real Estate recently announced that it is proposed to change the name to “Dexiang Xinyun Computing Power”. The Board believes that the current name includes the term “real estate” and may no longer fully reflect the Group's broader business scope and strategic direction. Changing the company name can establish a more suitable and forward-looking corporate position for the company, enhance the group's corporate image and market awareness, and make the company name more consistent with the group's long-term business development strategy.

It is worth noting that on July 2, Dexiang Real Estate acquired a plot of land worth 2 billion yuan in Nantong, Jiangsu, and plans to build a large-scale green computing center with a high standard of green computing power infrastructure construction and operation, relying on Xiaoyangkou's green energy endowment. At the end of July, Dexiang Real Estate also signed a memorandum of strategic cooperation with the Rudong government in Nantong, Jiangsu. It plans to build a green artificial intelligence computing power center with an IT load of 1 GW, and plans to build an IT load scale of about 200 MW for the first phase of the project.

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