TIME dotCom Berhad subsidiary AVM Cloud Sdn Bhd has been growing strongly for the past decade and, today, is one of Malaysia’s leading cloud players on par – and even better – than some international brand names.
TWO interested parties have their eye on AIMS Data Centre, the prized asset of TIME dotCom Bhd, sources tell The Edge. They are US-based private equity firm KKR & Co Inc, also known as Kohlberg Kravis Roberts & Co, and Singapore-based private investment firm Tower Capital Asia, the sources say. Talk about a potential sale of the data centre was first reported in March this year, with the potential value pegged at US$500 million (RM2.2 billion) to US$600 million. When contacted, both TIME dotCom and KKR were tight-lipped on the matter.
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KUALA LUMPUR, Jan 11 TIME dotCom Bhd (TIME) is acquiring a 13-storey freehold office building together with 95 car park bays known as Bangunan KWSP Changkat Raja Chulan for RM62 million cash. In a Bursa Malaysia filing, TIME said the purchase will be made via its wholly-owned subsidiary AIMS.