Marbridge Daily

<- February 12, 2011 ->

Inspur Electronic Info to Raise RMB 341 Mln for Cloud-Based OS

Shanghai Securities News, 2/12/11

Chinese computer, electronics, and software maker Inspur Electronic Information Industry (000977.SZ) issued a public filing today stating that it intends to issue additional stock to raise RMB 341 mln to develop, improve, and commercialize its cloud computing operating system. Inspur expects the project to be completed after two years, after which it estimates it could generate RMB 200 mln in annual revenues.

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