FilingReader Intelligence

Inspur Software plans targeted share issue to boost finances

February 15, 2025 at 06:29 PM UTCBy FilingReader AI

Inspur Software Group (SSE: 600756) is proceeding with a targeted share issuance plan to raise funds for working capital. According to the company's filing, Inspur's controlling shareholder, Inspur Technology, intends to subscribe for all newly issued shares, capped at 25,530,000, with a lock-up period of 18 months. The issue's pricing is set at no less than 80% of the average share price over the 20 trading days before the board resolution date, valuing the deal at approximately RMB 279 million (USD 39 million). This move aims to support its strategic focus on digital government solutions, enhance capital strength, and improve its financial condition amidst increasing accounts receivable and fluctuating cash flow. The company has confirmed no recent or planned significant financial investments or related party issues that would contravene regulatory guidelines.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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