Ruihe Digital to Invest HK$60 Million in Naxin Technology IPO Placement

Ruihe Digital Technology Solutions (3680) said it will use internal resources and proceeds from a previous placement to invest HK$60 million in Naxin Technology (9856) by subscribing to part of the company's international placement during its IPO, according to Ming Pao. The company said the move reflects expected strategic synergies. It described the two businesses as complementary upstream and downstream participants in a software-plus-hardware model, with Naxin Technology supplying AI computing infrastructure hardware including optical modules and optical chips, while Ruihe Digital focuses on higher-level software services such as big data scheduling and AI algorithms.