Global Engine Group Holding Limited (GLE), a Hong Kong ICT solutions provider, announced the acquisition of a 22.5% stake in Corpotech Holdings Limited for $2.25 million. Corpotech owns a 9,627 sq.ft data center in Tsing Yi. GLE believes this investment will allow it to benefit from Hong Kong’s growing data managed services market.
Andrew Lee, GLE’s CEO, stated that the Hong Kong colocation market is projected to grow from $732.5 million in 2024 to $1.37 billion by 2029 (13.36% CAGR). This investment in the Tsing Yi data center will allow GLE to capitalize on this expansion.
This acquisition strengthens GLE’s position in Hong Kong’s data center market and enhances its ability to provide comprehensive data managed services. Increased connections between Hong Kong and mainland China (Greater Bay Area) fuel demand for secure data center services, particularly in cloud computing, e-commerce, IoT, and logistics. China’s push for internationalization in the information sector further boosts this demand.
Mordor Intelligence projects Hong Kong’s data center market capacity to grow from 0.95 thousand MW in 2024 to 1.78 thousand MW by 2029. GLE is eager to participate in this market expansion.
About Global Engine Group Holding Limited
Global Engine Group Holding Limited provides integrated solutions through a wholly-owned Hong Kong subsidiary. These solutions encompass ICT services (cloud deployment, IT system design, maintenance, data center colocation, and cloud services); technical services (development, support, and outsourcing for data center and cloud infrastructure, network communications, and IoT projects); and project management services to enhance productivity and collaboration. GLE’s clientele includes small to medium-sized telecom operators and ICT providers, data center and cloud service providers, and IoT solutions providers.
Forward-Looking Statement
This release includes forward-looking statements regarding plans, objectives, strategies, future events or performance, and underlying assumptions. These statements use words like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” or “estimate.” Forward-looking statements are not guarantees and involve risks and uncertainties that could cause actual results to differ materially. These statements are subject to uncertainties, including market conditions. Investors should not place undue reliance on these statements. Additional information is available in the Company’s SEC filings.
For more information, please contact:
Investor Relations
WFS Investor Relations Inc.
Janice Wang, Managing Partner
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