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MetaX Technologies: Intends to Extend a Loan of Up to RMB 200 Million to Its Fully-Owned Subsidiary from Raised Capital for the New High-Performance General-Purpose GPU R&D and Industrialization Initi
2 week ago /
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Author：小编
MetaX Technologies has made an announcement stating that, with the aim of facilitating the progress of its fundraising investment endeavor, the company is set to offer a loan not exceeding RMB 200 million to its wholly-owned entity, MetaX Integrated Circuits (Nanjing) Co., Ltd. The funds for this loan will be drawn from the capital raised specifically for the 'New High-Performance General-Purpose GPU R&D and Industrialization Project.' This strategic move has already received the green light from the company's board of directors, eliminating the need for further approval from the shareholders' meeting. Additionally, both the audit committee of the board and the project's sponsor have given their endorsement to this decision.
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