Key facts
- Range Intelligent Computing Technology Group Co. is seeking a loan.
- The loan amount is approximately HK$20 billion ($2.6 billion).
- The funds will be used to build a large computing facility in Hong Kong.
- This facility would be the largest of its kind in Hong Kong.
Range Intelligent Computing Technology Group Co., a Chinese data center operator, is reportedly seeking a loan of approximately HK$20 billion, equivalent to $2.6 billion. The purpose of this financing is to construct what is anticipated to be Hong Kong's largest computing facility. The company is pursuing this loan from individuals familiar with the matter.