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The latest update is out from Cloud Factory Technology Holdings Limited ( (HK:2512) ).
Cloud Factory Technology Holdings Limited has announced the formation of a joint venture with Shannon Semiconductor Technology Co., Ltd. The joint venture, with a registered capital of RMB120 million, aims to develop the intelligent computing services market. Cloud Factory will hold a 75% stake, contributing RMB90 million, while Shannon Semi will hold 25%, contributing RMB30 million. This venture will be accounted for as a subsidiary of Cloud Factory, impacting its consolidated financial statements. The formation of this joint venture is considered a discloseable transaction under Hong Kong’s Listing Rules.
More about Cloud Factory Technology Holdings Limited
Cloud Factory Technology Holdings Limited operates in the technology sector, focusing on intelligent computing services. Its primary offerings include consultation on suitable hardware, server deployment, network enhancement, establishment of intelligent computing platforms, procurement and installation of equipment, technical support and maintenance, cloud computing, and computing resources rental services.
Average Trading Volume: 534,892
Technical Sentiment Signal: Strong Buy
For an in-depth examination of 2512 stock, go to TipRanks’ Overview page.