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Jiechuang Intelligent: Plans to raise no more than RMB 1.965 billion through a targeted issuance of A shares to specific parties, to be used for the construction of projects such as the smart computing cloud service center, among others

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[ME AI] News: Jiechuang Intelligent announced plans to issue A-shares to specific targets to raise up to RMB 1.97B. After deducting issuance expenses, the proceeds will be used for the intelligent computing cloud service center construction project, the AI + security equipment R&D and industrialization construction project, and to supplement working capital. The number of shares to be issued this time shall not exceed 46.1115 million shares, and the issuance price shall not be lower than 80% of the average trading price of the company's stock in the 20 trading days prior to the pricing reference date. This issuance is still subject to approval by the company's shareholders' meeting, review and approval by the Shenzhen Stock Exchange, and registration approval by the China Securities Regulatory Commission before it can be implemented. (Source: Tonghuashun)
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