(Alliance News) - AIQ Ltd shares jumped on Monday, after it said its Hong-Kong-based IT consultancy business Alcodes International has won a contract to set up a virtual datacentre.
AIQ is a Cayman Islands-based firm focused on acquiring and developing e-commerce sector businesses. Its shares were up 43% to 7.85 pence each in London on Monday.
Under the agreement, which is worth USD458,600, the company will receive payment in tranches upon completion of milestones, with the project expected to be fully delivered in approximately seven months.
As part of the project, AIQ and Alcodes will perform the role of project manager and subcontract the technical delivery.
Executive Director Edwin Li said: "We are delighted to have received this contract, which is from a new customer. Following our successful delivery of a DeFi DEX and an NFT marketplace, it is great to now be providing a virtual datacentre - another key element of IT infrastructure.
By Sophie Rose, Alliance News reporter
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Aiq Limited (AIQ)