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Consumer TechCapital injection: RMB 816M (~US$122M)

Lingyi iTech injects RMB 816 million into server liquid-cooling unit Readore, lifting its stake to 51%

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21st Century Business Herald
iTech
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Lingyi iTech said on the evening of 12 November that it will put RMB 816 million of cash into subsidiary Readore (Limin Da), subscribing RMB 4.37 million of new registered capital and raising its direct stake from 35% to 51%. Readore stays consolidated and an earlier voting-rights delegation ends. The unit makes AI-server liquid-cooling parts.

Read original ↗Source: 21st Century Business Herald · Opens the source in a new tab

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