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UCloud: Proposes Private Placement Financing Not Exceeding 1.5 Billion Yuan for Ulanqab Intelligent Computing Center and Intelligent Computing Cluster Construction and Operation Project
Gelonghui March 20 | UCloud (688158.SH) announced that the company’s 11th meeting of the third board of directors approved the proposal for the issuance of A-shares to specific targets in 2026. The proposed fundraising total will not exceed 1.5 billion yuan, and after deducting issuance costs, all funds will be used for the “UCloud Ulanqab Intelligent Computing Center and Intelligent Computing Cluster Construction and Operation Project.”