SOS owned Singapore based subsidiary, Future Digital Trading, has signed a non-binding memorandum of understanding with an Indonesian company for the potential development of a 500MW AI and cloud data centre campus on Bintan Island, Indonesia.
The proposed site is in the Galang Batang Special Economic Zone in Riau Islands Province.
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If the project proceeds, the first construction phase is expected to provide about 50MW of capacity.
The memorandum sets out preliminary arrangements covering land, electricity, funding and cooperation between the parties.
It includes a six-month due diligence period, while the project remains subject to financing, regulatory approvals and the negotiation and execution of definitive agreements.
The final investment structure, ownership percentages, valuation, board arrangements and exit provisions have not been determined.
The memorandum is non-binding apart from specified provisions, including those covering representations and warranties, a framework agreement deposit, confidentiality, binding effect and governing law.
SOS chairman and CEO Yandai Wang said: “This memorandum represents an important step in SOS’s strategy to expand into digital infrastructure.
“Southeast Asia is experiencing significant growth in AI data centre demand, and Bintan offers proximity to Singapore with potentially lower power and land costs and special-economic-zone advantages.
“Subject to successful completion of due diligence and definitive documentation, we believe a 500MW platform could position the Company to participate in a growing infrastructure market.”
Under the proposed arrangement, the Indonesian partner would use commercially reasonable efforts to secure at least 60MW of effective power capacity before the first phase is commissioned.
The memorandum also contemplates a ten-year coal-index-linked electricity pricing formula.
Final electricity prices and supply conditions remain subject to negotiation, and delivered costs would depend on coal market conditions and other factors.
The campus is expected to follow a wholesale colocation model, with dedicated high-density data halls for hyperscale and AI customers.
SOS said it had received non-binding expressions of interest from prospective tenants totalling about 180MW, including some global cloud, internet and AI platforms. Those indications remain subject to customer contracts and credit support.
The company said it would seek equity and project finance, with senior debt potentially arranged through institutional lenders. No financing arrangements have been finalised.
As of 31 December 2025, the company reported total assets of about $465m and shareholders’ equity of about $423m.
