Understanding the Market | KARRIE INT'L rose over 10% during trading as the company issued bonds to raise funds to expand overseas production capacity, having previously entered the list of NVIDIA suppliers
KARRIE INT'L rose over 10% during the session, and as of the time of writing, it is up 5.24%, trading at HKD 2.61, with a transaction volume of HKD 10.7149 million. In terms of news, KARRIE INT'L announced plans to issue convertible bonds, with a net proceeds of approximately HKD 149.75 million. The company intends to use the net proceeds through various means to expand its overseas production capacity, including but not limited to purchasing new machinery, constructing new production facilities in Thailand, and conducting mergers and acquisitions in overseas markets to meet the increasing orders in overseas markets. Notably, KARRIE INT'L announced at the end of September that it has been included in NVIDIA's list of qualified suppliers for server chassis and cabinet components, as well as the recommended supplier list; the group is also committed to delivering more prototype products to NVIDIA in the coming months to support its artificial intelligence server platform and data center deployment. KARRIE INT'L's assistant chairman, He Weihuan, stated in July this year that if they successfully enter NVIDIA's supplier list, more artificial intelligence or big data center companies will become potential customers for the company
According to Zhitong Finance APP, KARRIE INT'L (01050) rose more than 10% during the trading session, and as of the time of writing, it has increased by 5.24%, trading at HKD 2.61, with a transaction volume of HKD 10.7149 million.
In terms of news, KARRIE INT'L announced plans to issue convertible bonds, with a net proceeds of approximately HKD 149.75 million. The company intends to use the net proceeds through various means to expand its overseas production capacity, including but not limited to purchasing new machinery, constructing new production facilities in Thailand, and conducting mergers and acquisitions in overseas markets to meet the increasing orders in overseas markets.
It is worth noting that at the end of September, KARRIE INT'L announced that it has been included in NVIDIA's list of qualified suppliers for server chassis and cabinet components, as well as the recommended supplier list; the group is also working to deliver more prototype products to NVIDIA in the coming months to support its artificial intelligence server platform and data center deployment. KARRIE INT'L's assistant chairman, He Weihuan, stated in July this year that if they successfully enter NVIDIA's supplier list, more artificial intelligence or big data center companies will become potential customers for the company
