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Runze Technology Seeks HK$20 Billion Loan for Data Center in Northern Metropolis of Hong Kong

On June 5, Bloomberg cited sources stating that Chinese data center operator Runze Technology is seeking approximately HK$20 billion in loans to construct the largest computing facility in Hong Kong. Sources revealed that Runze Technology is in preliminary discussions with banks regarding this one-year loan, which may take the form of a syndicated loan or multiple bilateral financings to support the development of the data center project in the Northern Metropolis of Hong Kong. Negotiations with banks are still in the early stages and may change. A subsidiary of the company won a bid in mid-March to develop an 110,000-square-meter plot in the Northern Metropolis into a data center cluster and related industries. The project is currently under construction, with a total investment expected to reach HK$23.8 billion over the next three years. This potential financing plan is part of a broader effort to accelerate the development of the Northern Metropolis of Hong Kong, a 300-square-kilometer cross-border project that Hong Kong views as a future growth pillar. The data park is expected to increase Hong Kong's computing power by 36 times and generate approximately HK$4.6 billion in economic output in the first three years.

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