Zhishang Technology (301486.SZ) plans to increase capital to obtain 5%-10% of the total share capital after the issuance of Hengyang Data

Zhitong Finance App News, Zhishang Technology (301486.SZ) announced that the company plans to use cash to acquire 5%-10% of the total share capital of Shenzhen Hengyang Data Co., Ltd. (“Hengyang Data”) after the issuance of a capital increase. The overall valuation of the target company after 100% equity investment was 800 million yuan.

According to reports, Hengyang Data focuses on the R&D, sales and service of intelligent computing and data processing products and application solutions. It is an excellent domestic supplier of AI intelligent computing centers, cloud computing data centers and edge computing core infrastructure, and also provides network visualization and intelligent computing system platform solutions. This transaction will help the company further expand the company's strategic layout in the field of data communication and intelligent computing, give full play to the synergy between related industrial chains, and enhance the company's profitability and sustainable development capabilities.