By Doc Louallen
Shares of Polibeli Group rose after the digital supply-chain company disclosed that it signed an agreement to evaluate the possible construction of a 100-megawatt artificial-intelligence computing center in Thailand.
Shares rallied 18% to $10.24 in late morning trading on Thursday. The stock is up 16% in past three months.
Indonesia-based Polibeli said it signed a nonbinding agreement to evaluate the possible project with Thailand-based Autthaikam. The pact means the two companies will collaborate on preliminary evaluation activities, including information sharing, site visits, land and power assessments, and due diligence for the possible project, Polibeli said.
The agreement isn't final and the company hasn't decided to proceed or commit capital, Polibeli said. Any project would depend on feasible terms, financing and required approvals.
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