Malaysia is stepping up construction of new data centers to become the next Southeast Asian powerhouse。It has been revealed that the country is trying to replicate the success of neighbouring Singapore with low prices and tax incentives。

Specifically, the Shanghai-based digital infrastructure company is working with an adviser and is considering selling about 30 to 40 percent of its assets, according to people familiar with the matter.。Investment firms and sovereign wealth funds have expressed interest in international portfolios, the people added.。Negotiations are currently underway and details may change, and Universal Data may also decide not to proceed with an equity sale。