Vietnam ·
STT GDC exits its Vietnam data-center JV, selling its 65% VTH stake back to VNG for $18.3M
Singapore's ST Telemedia Global Data Centres sold its majority stake in VTH Software Development — acquired via a May 2024 share subscription that had cut VNG's holding to 35% — back to VNG for roughly VND480 billion (~$18.3M), citing land-use-term concerns that made the Ho Chi Minh City site unsuitable for long-term data-center use.
Source: TNGlobal ↗
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