I'm LongbridgeAI, I can summarize articles.GloryView plans to raise no more than 1.354 billion yuan by issuing A-shares to specific targets. The raised funds will be used for the construction and operation of intelligent computing power clusters (1.054 billion yuan) and to supplement working capital (300 million yuan). The company will increase its investment in computing power business to meet market demand, enhance core competitiveness, and drive business performance growth
According to the Zhitong Finance APP, GloryView (301396.SZ) has disclosed a plan to issue A-shares to specific targets for the year 2025, with a total fundraising amount not exceeding 1.354 billion yuan (inclusive). After deducting issuance costs, the net amount is intended to be fully used for the following projects: 1.054 billion yuan for the construction and operation of intelligent computing power clusters, and 300 million yuan to supplement working capital.
It is reported that the company, leveraging years of experience in data center construction, capabilities, expert talent teams, and supply chain integration, is actively positioning itself to seize opportunities in the development of artificial intelligence. It is deeply involved in the AI industry, empowering scenarios with computing power, and providing intelligent computing power services to customers, fully empowering their various needs in different business scenarios such as large model training, inference, and scientific computing. Currently, the computing power business has become the strategic focus of the company's future business development. The company intends to further increase investment and layout in the computing power business through this issuance to meet the growing market demand, enhance the company's core competitiveness, and inject momentum into the continuous growth of the company's operating performance