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Dematech: Plans to Issue Up to 702 Million Yuan Convertible Bonds for Embodied AI System R&D and Other Projects
36Kr1 min read
36Kr reports that Dematech announced plans to issue convertible corporate bonds to unspecified investors, with total fundraising not exceeding 702 million yuan. After deducting issuance costs, the funds will be used to expand production and R&D of core components for intelligent logistics equipment, build a research center for intelligent logistics equipment and embodied AI systems, produce industrial intelligent data acquisition terminals, expand production of energy-saving integrated permanent magnet motors (Phase I), and supplement working capital.
Read the full article at 36Kr