Tonghe Technology: Plans to raise no more than 522 million yuan for R&D and production projects of power supply and distribution systems and modules for data centers, among others.
Tonghe Technology plans to raise up to 522 million yuan through convertible bonds. The funds will be allocated to research and development for power distribution systems and modules used in data centers, as well as for supplementing working capital. This move aims to bolster the company's infrastructure for data center technology. AI
IMPACT This funding will support the development of critical infrastructure for data centers, which are essential for AI operations and scaling.