Reported 11 months ago
Nanjun International (6584) plans to issue 1 billion yuan of convertible bonds (CB) in the third quarter to repay bank loans. The company aims to use the funds raised to support the production capacity of GB200 and secure supplies from an AI chip factory in July. Nanjun is expected to become one of the designated material suppliers for the chip factory, leading to a new outlook in the server slide track supply chain. With the debt ratio at 43%, Nanjun anticipates entering the GB200 supply chain and starting mass production in the third quarter, with expected growth in revenue and profit margins.
Source: YAHOO