Tongxing Technology Unveils Plan for Convertible Bond Issuance Up to 650 Million Yuan to Fuel Data Center Cooling and AI Initiatives

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13 hours ago

Zhejiang Tongxing Technology Co., Ltd. (301252.SZ) has announced its 2026 preliminary plan to issue convertible corporate bonds to unspecified investors, targeting total fundraising of no more than 650 million yuan (inclusive).

After deducting issuance expenses, the net proceeds are earmarked for specific strategic investments, including a project dedicated to the construction of temperature control products for computing power centers, an initiative focused on the industrialization of embodied intelligent temperature control systems and precision components, as well as an allocation to supplement working capital.

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