Jin Jing New Energy (01783.HK) plans to raise approximately HKD 1.1 billion through MiniMax strategic subscription to enhance its layout in AI computing power infrastructure.

Zhitong Finance APP reported that Jin Jing New Energy (01783.HK) announced that after the trading period on August 10, 2026, it had entered into a placement and subscription agreement, and its wholly-owned subsidiary simultaneously issued secured convertible bonds amounting to RMB 472 million, payable in US dollars, with an annual interest rate of 5.00%, maturing in 2027. The total proceeds from the two transactions are expected to be approximately HK$1.098 billion, with a net amount of approximately HK$1.078 billion, which will be used to support the company's previously announced acquisition of a Chinese cloud computing and data center service provider, as well as to supplement operational and development funds.