Envision Greenwise Board OKs 380 Million Yuan Cloud Server Purchase

MT Newswires Live
Sep 11

Envision Greenwise Holdings (HKG:1783) said the board approved the purchase of more than 100 Nvidia-powered cloud server systems for 380 million yuan, according to a Thursday bourse filing.

The company said its unit is purchasing the servers from Shanghai Shunquan Technology. The latest move follows its August agreement to purchase 400 servers amid high demand for cloud computing power.

Additionally, the company said the August transaction has delayed the release of a circular with additional details of the purchase and the EGM notice to Oct. 2.

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