Hengrun Shares has made an announcement stating that its holding subsidiary, Shanghai Runliuchi, is planning to establish a wholly-owned entity, Runliuchi Technology (Shantou) Co., Ltd., in Shantou City, boasting a registered capital of 100 million yuan. The strategic move is aimed at tapping into the abundant resources and favorable policy environment of Shantou, a city renowned for its overseas Chinese community, to further expand the market for its computing power business and delve into innovative models for digital overseas expansion. The newly established company will primarily concentrate on businesses associated with computing power.
