AsiaPhos, a former phosphate mining company based in Singapore, has proposed the acquisition of a data center in Perth, Australia.

The company is proposing to acquire a majority stake (51 percent) in Australian data center operator DC Alliance for AUD7.65 million (US$5.4m), as per a Letter of Intent signed on June 8.

A Letter of Intent typically sets out initial terms for an argument and is usually non-binding. However, the agreement provides AsiaPhos with a 90-day exclusivity period to conduct due diligence and negotiate a final agreement.

This will give AsiaPhos effective control of Pier DC – otherwise known as the DCA | PIER Facility – a 2MW facility owned by DC Alliance. Located in Canning Vale industrial precinct in southern Perth, AsiaPhos intends to expand the facility up to 8MW.

The facility currently spans 3,000 sqm (32,290 sq ft) and offers a total ICT white space of 2,500 sqm (26,910 sq ft), according to its LinkedIn profile.

According to AsiaPhos’ website, it intends to be a “world-class leader in clean energy solutions and renewable energy development.”

It is unclear whether the company has had any prior experience with the data center industry, but back in February, the company signed a Letter of Intent with the international wing of Chinese telco China Mobile to explore the possibility of developing data centers in Indonesia, Malaysia, and Singapore.