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Xiling Information: Plans to make an external investment to establish a holding subsidiary, focusing on the new construction and expansion of computing power centers and on subsequent industry expansion

MarsBitNews
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Mars Financial News, June 26 - Xiling Information announced that the company plans to jointly invest with Buerjin County Xinyun Computing Technology Co., Ltd. (referred to as "Xinyun Computing") to establish Xinjiang Xiling Xinyun Intelligent Computing Technology Co., Ltd. (referred to as "Xiling Xinyun"). The registered capital of Xiling Xinyun is proposed to be 20 million yuan, with the company planning to contribute 11 million yuan from its own funds, holding 55% of the equity of Xiling Xinyun. The joint investment with the partner to establish Xiling Xinyun aims to fully leverage the respective advantages, focus on core businesses such as the construction and expansion of computing centers, maintenance of computing equipment, scheduling of computing resources, operation of computing projects, technological upgrades and iterations, and subsequent industrial expansion, to achieve mutual benefits and win-win results, enter the computing service field, and cultivate new business growth points for the company. (Company announcement)
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