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Ruijie Networks plans to issue up to 2.6 bln yuan convertible bonds for AI computing cluster networks
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On September 18, Ruijie Networks (301165.SZ) announced that its board of directors approved proposals to issue convertible corporate bonds to unspecified targets, aiming to raise total proceeds not exceeding 2.6 billion yuan. After deducting issuance expenses, the funds will be allocated to several projects: the R&D and industrialization of high-speed interconnect network systems for large-scale intelligent computing clusters; the R&D and industrialization of high-speed network switching units and overall solutions for high-density computing clusters; key technology R&D for next-generation computing-network convergence; and replenishment of working capital. The announcement was reported by Cailian Press, a Chinese financial news outlet.
Source report
September 18 — Ruijie Networks (301165.SZ) has announced that its board of directors approved proposals related to the issuance of convertible corporate bonds to unspecified targets, according to a report by Cailian Press.
The company plans to raise total proceeds not exceeding 2.6 billion yuan. After deducting issuance expenses, the funds will be allocated to the following projects:
- Research and development (R&D) and industrialization of high-speed interconnect network systems for large-scale intelligent computing clusters
- R&D and industrialization of high-speed network switching units and overall solutions for high-density computing clusters
- Key technology R&D for next-generation computing-network convergence
- Replenishment of working capital
Source
财联社Eastern
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Ruijie Networks plans up to 2.6 billion yuan convertible bond issue for AI computing projects