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Xingyun Technology to Form Liquid Cooling Firm

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Xingyun Technology (SHE:300209) unit Shenzhen Xingyun Intelligent Cooling will invest 17.5 million yuan to establish a joint venture for liquid cooling equipment to capture growing demand for high-performance computing infrastructure.

The new entity, Xingyun Intelligent Cooling, has a total registered capital of 50 million yuan, according to a Tuesday filing with the Shenzhen bourse.

Shenzhen Xingyun Intelligent Cooling will hold a 35% minority equity stake, while a private investment partnership entity controlled by the company's actual controller, Wang Wei, will secure a parallel 33% interest.

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