Xianggang Technology (603499.SH) announced that the company plans to use its own or self-funded subscription fund of 150 million yuan...
According to the Zhitong Finance App, Xianggang Technology (603499.SH) announced that the company plans to subscribe to Jintech with 150 million yuan of its own or self-funded capital to increase the registered capital of RMB 6.5309 million, and the remaining 143.4691 million yuan will be included in the capital reserve. After the transaction was completed, the company held 10.00% of Jintech's shares, and Kingtech became the company's participating company.
According to reports, established in 2012, Kingtech is a professional storage solution provider integrating R&D, production and marketing of its own brand products. It mainly provides memory and SSD-related storage products. The products cover consumer, industrial control, enterprise and embedded storage, and can provide customers with complete storage product solutions. At present, the target company's enterprise-grade memory products have been shipped in batches, and it has a certain leading edge among domestic companies in the same industry.
The company said that the purpose of the company's investment in the target company is mainly to recognize the industry prospects of the target company. As the construction of data centers and computing power centers accelerates, the demand for storage capacity and processing capacity also increases, and storage has good market prospects as one of the important hardware for computing power. The company will understand and learn the latest developments in the target company's industry through shareholding, and provide a reference basis for whether to further expand the industry in the future according to market trends and changes in the policy environment.