Pudong Construction: New Joint-Venture for Smart Computing Services, Yet to Make Capital Contributions
3 week ago / Read about 0 minute
Author:小编   

On August 25, Pudong Construction announced that its stock closing price had deviated by more than 20% for three consecutive trading days, signifying abnormal market fluctuations. The company clarified that its production and operational activities remain normal, with no significant changes or undisclosed material information. In response to media inquiries about its involvement in emerging infrastructure sectors, particularly computing power, Pudong Construction revealed plans to invest 66 million yuan, holding a 30% stake, in a new joint-stock company named "Shanghai Pucsuan Cloud Intelligence Technology Service Co., Ltd." This venture is positioned to offer deployment, operation, and maintenance services for advanced computing facilities.

Currently, the joint-stock company is still in the process of completing its business registration and has not yet commenced operations. Pudong Construction has not made any capital contributions to this venture as of yet. It is anticipated that this investment will not materially impact the company's existing business structure or annual financial performance.