Hong Kong, 21 March 2016 – Standard Chartered Bank Principal Finance Real Estate (“SCB PFRE”), a unit of Standard Chartered PLC (LONDON: STAN), and Chayora Holdings Limited have reached agreement for SCB PFRE to become the lead institutional investor in Chayora, securing a strategic minority stake and providing equity funding for key Chayora’s data centre development projects. The agreement involves a direct equity stake of up to 19.5% in Chayora Holdings Limited and the introduction of additional substantial long-term equity for
Michael Tobin is one of the most high profile professionals in the data centre market having led Telecity Group plc as Chief Executive from 2002 to 2014. During this time, Michael transformed the company from GBP £6m market capitalisation to being a top performer in the FTSE250 valued at over GBP £2bn. Michael’s international experience in the data centre sector has continued to expand since then including his non-executive roles with Teraco in South Africa; Datapipe in the United States; Telvent Global Services in Spain; and
Following completion of the sale of Pacnet to Telstra in April 2015, Jim Ousley has joined the board of Chayora Limited in Hong Kong as Chairman. Jim lives in the United States and will also take a role in US key customer relationships and sales to support major deal progression and build a strong US presence for Chayora. Jim’s background is notable, having more than 40 years of experience leading and investing in global technology and telecommunications organisations. Since July 2014,