On November 22, $Mobile-health Network Solutions （MNDR.US）$ surged as much as 78.28% before settling at a 51.82% gain to close at $4.62, with trading volume reaching $286 million.
Mobile-health Network Solutions Shares Are Trading Higher After the Company Announced It Signed a Memorandum of Understanding With PPG PP Grid for the Acquisition of PPG Project Companies That Own and Are Developing Two High-density AI-optimized Data Centers in Sarawak, Malaysia.
Mobile-health Network Solutions Company News
/Mobile-health Network Solutions （NASDAQ:MNDR） （”MNDR” or the “Company”）， a leading AI HealthTech platform, today announced the signing of a legally binding Memorandum of Understanding （MOU） with PPG PP GRID SDN. BHD. （”PPG”） for the acquisition of PPG project companies that own and are developing two high-density AI-optimized data centers in Sarawak, Malaysia.
The data centers include a 25MW facility targeted for completion by Q3 2027 — with potential early activation before Q4 2026 — and a 150MW facility targeted for completion by year-end 2028. These facilities, once completed, are expected to power and facilitate the expansion of MNDR’s AI-powered health and technology ecosystem.
According to the MOU, in consideration for these assets, MNDR is expected to issue compensation to PPG valued at up to US$120 million.
This compensation may be satisfied through the staged issuance of a maximum of three million （3,000,000） of the Company’s Class A ordinary shares, for an agreed valuation per share of US$40, more than 13 times their market value of US$3.04 as of the close of trading yesterday.
Also, as per the MOU, PPG would be responsible for securing all licenses, permits, approvals, and land rights necessary to construct and operate the data centers and related infrastructure. MNDR would retain majority voting control post-transaction, with PPG’s founders participating in board-level integration to ensure continuity and local execution.
The MOU is subject to customary conditions precedent, including due diligence, independent valuation, and regulatory approvals. Its first definitive share purchase agreement （SPA）， however, is expected to be executed within 90 days, said Dr. Siaw.
Mobile-health Network Solutions （MNDR） Description
Mobile-health Network Solutions, an investment holding company, provides telehealth solutions primarily in Singapore. The company operates in two segments: Telemedicine and Other Services and Sale of Medicine and Medical Devices. It offers MaNaDr platform, a 360-degree healthcare ecosystem, which connects users and service providers through the range of healthcare services and product offerings that can be accessed through the mobile application and website, as well as Internet search engines. The company also provides a suite of medical-related and other services, including teleconsultations and health check-up services, vaccinations, skin and aesthetics services, and other services. In addition, it offers healthcare and wellness products through its online e-commerce platform; wholesale distribution of pharmaceutical products to clinics through MaNaPharma platform; and MaNaCare, a platform that provides a range of corporate healthcare and wellness services, including GP, specialist and allied healthcare panel services, tele-consultation services, in-person clinics, on-site health screening, and online marketplace, as well as wellness programs to corporate customers. Further, the company develops IT systems on mobile phone and web portals; operates pharmacies, clinics, and drug stores; and offers beauty and other personal care services, as well as other general medical services. Additionally, it offers health supplements, skincare, nutrition products and medical devices wellness, personal care; health screening packages; and online services such as medical screenings and procedures, such as serology and swab tests. The company was founded in 2009 and is headquartered in Singapore.