BUZZ-Jushri Technologies hits record high on share sale plan for projects

Reuters12-08

** Shares of Jushri Technologies Inc 300762.SZ jump 8.1% to 36.35 yuan, their highest level since debut in March 2019, and on course for fourth consecutive session of gain

** The China-based military broadband mobile communication equipment manufacturer said it plans to raise up to 1 bln yuan ($141.46 mln) in share placement to fund projects

** Proceed to be raised from the share sale will be used to fund development and industrialization of large-scale unmanned collaborative heterogeneous neural networks, and development of specialized intelligent robots, among others - co

** YTD, stock up 62.2%, benchmark CSI 300 Index .CSI300 up 17.6%

($1 = 7.0693 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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