AI chip company Biren Technology plans to refinance US$515 million

Bloomberg disclosed that Shanghai Biren Technology (Hong Kong stock code 6082) will implement a new share placement plan based on Hong Kong Stock Exchange documents, issuing 130 million shares at a price of HK$31.08 per share, raising approximately HK$4.04 billion (approximately US$515 million). The placing price represented a discount of nearly 10% to the closing price of the previous trading day. As a representative of Beijing-backed enterprises in the GPU field, Bingren Technology's financing is regarded as an important case in the new wave of capital injection in China's artificial intelligence industry.