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UCloud: Intends to Secure Up to 1.5 Billion Yuan via Private Placement to Fund the Development and Maintenance of the Ulanqab Intelligent Computing Center and Associated Intelligent Computing Cluster
9 hour ago /
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Author：小编
UCloud has made an announcement stating that the 11th gathering of the third board of directors' session within the company has given the green light to the pertinent proposal concerning the issuance of A-shares to targeted entities in 2026. The company is set on raising a sum not exceeding 1.5 billion yuan. After accounting for the costs associated with the issuance, the entirety of these funds will be earmarked for the establishment and ongoing management of the Ulanqab Intelligent Computing Center, along with its intelligent computing cluster.
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