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CSF expands in Asia
By Administrator | Label: CSF/APAC22 September 2011 - CSF, one of the leading providers of data centre facilities and services in South East Asia and the largest provider of data centre services in Malaysia, says that the Group is currently trading in line with current market expectations.
New business momentum remains strong and management continues to make significant progress on the delivery of the Group's stated growth strategy.
CSF's joint-venture company in Jakarta, Indonesia, is pursuing a number of potential new customers for the rental of data centre space at CX Jakarta ("CXJ").
The Group has commenced fit-out works and two levels (out of eight levels) are expected to be ready for service by December 2011. Management are encouraged by the pipeline of potential customers for CXJ and remain upbeat on the growth potential of the data centre market in Indonesia.
It is also in the process of finalising the terms of tenancy for Block A of the CX5 data centre and is now focusing on pre-marketing activities for Blocks B and C of CX5. The Group expects to be on target to complete the construction and fit-out of Block A of CX5 by the end of the year.
The management continues to pursue data centre development opportunities within Malaysia whilst pursuing data centre development opportunities in Singapore, Thailand and Taiwan.
CSF has agreed a collaboration with Pacific Link Telecom (Asia)("PLTA") and Jiangsu Communications Services ("JCS") which it believes will accelerate the demand for the Group's data centres and related products and services across the region.
As part of a strategy to increase the Group's core revenue streams, the Group has entered into an agreement with PLTA and JCS to leverage on the business, expertise, network, products and/or services and resources.
PLTA is providing infrastructure and services for hosting and co-location of computer servers and network equipment and is an existing customer of the Group whilst JCS is a subsidiary of China Communications Services Corporation Limited ("CCS"), a company listed on the Hong Kong Stock Exchange whose principal activities include the provision of telecommunications infrastructure services, business process outsourcing services, and applications, content and other services.
Dato' Ting Heng Peng, Non-Executive Chairman said: "As a management team we remain pleased with both our strategic progress and financial performance last year and in the first quarter of the current year. I am pleased to be able to report that performance remains in line with expectations."
He added: "CSF is fully focused on its strategy to expand across the South East Asia region and remains encouraged by the growing demand for its data centres, and related products and services."
Source: http://www.stockmarketwire.com/article/4225820/CSF-expands-in-Asia.html
