The counter dropped to a two-month low of 78.5 sen, or down 15.5 sen, before paring losses.

The scope of work includes mechanical and electrical fit-out for the data centre, along with a guard house and a refuse room.

Sum said that the country’s total installed data centre capacity currently stands at 835MW, with projections to exceed 2,850MW by 2026 and more than 4,000MW beyond 2030. 

Billings could improve as construction and sales progress ramp up.

Ilham Tower at the centre of the case is a 58-storey iconic building in Kuala Lumpur city centre and owned by the late former finance minister Tun Daim Zainuddin’s family with his wife Toh Puan Na’imah Abdul Khalid.

AWC currently has 339.36 million shares in circulation and no outstanding warrants.

Under the term sheet, Rongyao will inject cash, strategic assets and lead financial restructuring with Ireka’s creditors.

Lim said that while data centres are designed with high levels of redundancy, repeated water supply interruptions could prompt operators to boost storage capacity and contingency measures.

He added that the RTS trains are set to arrive at the Wadi Hana Depot by the middle of this month.

Hanifah said collaborations with countries such as Singapore, South Korea and Japan would position Malaysia as a CCUS hub in the Asia-Pacific region.