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Mobile-health Network Solutions and Dato' Stanley Ling Announce Strategic US$126 Million Investment to Build Phased 60 MW AI Data Center Campus
Singapore, Singapore--(Newsfile Corp. - April 28, 2026) - Mobile-health Network Solutions (NASDAQ: MNDR) ("MNDR" or the "Company"), a leading AI-powered
About this update from Mobile-health Network Solutions
[{"type":"text","content":"Singapore, Singapore--(Newsfile Corp. - April 28, 2026) - Mobile-health Network Solutions (NASDAQ: MNDR) (\"MNDR\" or the \"Company\"), a leading AI-powered digital health platform, today announced the execution of a definitive Securities Purchase Agreement (\"SPA\") with Dato' Stanley Ling (Ling Tiung Leng) to fund the Company's expansion into AI-driven digital infrastructure.\nUnder the terms of the SPA, Dato' Stanley Ling has agreed to an aggregate capital injection of MYR 500 million (approximately US$126 million) into the Company. This investment is specifically earmarked for the construction and operation of a 60 MW AI Data Center campus in Sarawak, Malaysia, managed by PP GRID SDN. BHD.\nThe capital injection will be conducted in staged tranches, with MNDR issuing Class A ordinary shares for each funding round. In total, MNDR will issue Mr. Ling nine million Class A shares, valued at US14.10 per share.\nUpon full completion of the investment, Mr. Ling will hold a 65% equity stake in MNDR. There will be a 180-day lock-up on all issued shares.\nThis partnership updates a strategic framework established in late 2025 to reflect a new funding structure for AI infrastructure projects in Sarawak. MNDR will execute a phased, milestone-driven build, delivering an initial 20-30 MW of capacity in Phase 1 to support anchor customers and early hyperscale AI workloads, then expanding to the full 60 MW campus in Phase 2 as contracted demand materializes. Each funding tranche is tied to permitting, construction, and commercial milestones to align capital deployment with demand.\nInitial commercial operations for Phase 1 are targeted to begin in 2027.\nThe transaction combines MNDR's status as a Nasdaq-listed technology innovator with Mr. Ling's specialized assets in the digital infrastructure sector. The transaction pairs MNDR's AI health platform with Mr. Ling's digital infrastructure capabilities to accelerate time-to-market, improve data sovereignty, and lower AI compute costs for MNDR services across Southeast Asia and beyond.\nWhile the investment results in Mr. Ling owning a majority economic stake, MNDR founders will retain majority voting control through Class B shares, preserving strategic continuity.\nTransaction Details\n\nPurchase Price: The Securities are priced at US$14.10 per share.\nTotal Shares: Approximately 9 million C...