Enormous amount of data (603138.SH) plans to raise no more than 702 million yuan through private placement.

Zhtng Cijng APP News, a large amount of data (603138.SH) has announced that the company plans to issue stocks to specific investors, raising a total amount of funds (including issuance costs) not exceeding 702 million yuan (including the base amount). The net proceeds from the fund-raising, after deducting related issuance costs, will be invested in: the construction of a new generation of high-performance hybrid transaction analysis database project and the construction of a multi-modal time-series database project.