Mobile Health Network Solutions signs memorandum of understanding to secure two AI data center projects in Malaysia. Facility aimed at expanding the company’s AI digital health platform
Singapore, Singapore — (Newsfile Corp. – November 21, 2025) – Mobile Health Network Solutions (NASDAQ: MNDR) (“MNDR” or “company”), a leading AI HealthTech platform, today announced that it has signed a legally binding Memorandum of Understanding (MOU) with PPG PP GRID SDN. BHD. (“PPG”) aims to acquire PPG Project Company, which owns and is developing two high-density AI-optimized data centers located in Sarawak, Malaysia.
The data center will include a 25MW facility targeted for completion by the third quarter of 2027 (with the possibility of early commissioning by the fourth quarter of 2026) and a 150MW facility targeted for completion by the end of 2028. Once completed, these facilities are expected to drive and facilitate the expansion of MNDR’s AI-powered health and technology ecosystem.
In consideration of these assets, MNDR will pay compensation to PPG worth up to $120 million, according to the memorandum.
This compensation may be satisfied through the gradual issuance of up to 3,000,000 shares of the Company’s Class A common stock at an agreed valuation of US$40 per share, which is more than 13 times the market value of US$3.04 as of yesterday’s close.
MNDR Co-CEO Dr. Siaw Tun Yen said, “We believe this acquisition is a keystone in the global expansion and expansion of our unique AI-powered health and technology ecosystem.” “By securing these data centers and the low-cost green energy they provide, we can significantly reduce the long-term costs of operating dense workloads in our ecosystem, thereby ensuring maximum scalability for this unique platform.”
“Additionally, these data centers and the excess AI computing capacity they provide will facilitate the global launch of two other new services: our Token as a Service (TaaS) and AI-powered Healthcare Platform as a Service (APaaS). These services will help position us as a catalyst to support the growing digital transformation currently underway across Southeast Asia and Africa.”
Additionally, pursuant to the MOU, PPG will be responsible for securing all licenses, permits, approvals and land rights necessary for the construction and operation of the data center and related infrastructure. MNDR will retain majority voting power post-transaction, and PPG’s founders will participate in board-level integration to ensure continuity and local execution.
The Memorandum of Understanding is subject to customary conditions, including due diligence, independent evaluations and regulatory approvals. However, Dr Siau said the first and final share purchase agreement (SPA) is expected to be signed within 90 days.
About Mobile Health Network Solutions
Mobile-health Network Solutions is a leading AI-powered digital health platform headquartered in Singapore with operations across Southeast Asia and expanding into the United States. The company provides telemedicine, AI-powered health tools, and virtual clinic infrastructure to empower patients and physicians around the world. Its mission is to make healthcare accessible, intelligent and human-powered through technology. For more information, please visit https://investors.manadr.com/.
Forward-looking statements
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