Singaporean healthcare company MaNaDr is expanding into data centers and is set to acquire two sites in development on the Malaysian part of Borneo.

In an SEC filing this week, Nasdaq-listed Mobile-health Network Solutions (NHNS, which does business as MaNaDr) entered into a Memorandum of Understanding (MoU) with PPG PP GRID SDN. BHD. (PPG) for the acquisition of two planned artificial intelligence-optimized data center sites and related digital infrastructure in Malaysia.

Under the terms of the MoU, the company is expected to invest up to US$120 million, via the issuance of 3,000,000 Class A ordinary shares, in order to acquire the target assets. NHNS is set to deposit US$1.5 million to PPG –in cash or shares – within two weeks of the MoU.

“MHNS is a Nasdaq-listed, dual-class company and wishes to expand into AI-driven digital infrastructure, including AI data centers, as part of its broader AI-powered health and technology ecosystem,” the company said. “The acquisition is expected to strengthen and expand the company’s AI-powered health and technology ecosystem.”

The data center sites are said to be located in Kuching and Sarawak, both on the island of Borneo.

The Kuching site will reportedly be able to offer 25MW on a 1.65-acre plot in Salak Land District, and is targeted for completion by the end of 2027.

In the Bintulu area of Sarawak, PPG is reportedly targeting a 150MW development set to go live in 2028.

Operating across Asia, MaNaDr provides telehealth services, operates online and physical medicine stores, and offers healthcare business platforms. The firm went public last year.