Coolpad Group (HK:2369) has released an update.
Coolpad Group Limited has announced a significant investment in new equipment through a procurement contract worth approximately US$13.6 million, equivalent to around HK$106 million. The purchase, which involves 2,700 electronic computer servers, will be financed by the group’s internal resources and is classified as a discloseable transaction under the Hong Kong Stock Exchange rules. This move by Coolpad Group does not require shareholder approval but will be subject to standard reporting and announcement procedures.
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