Biren Technology plans to issue 4 billion Hong Kong dollars, and the stock price has fallen by 56.2%.

Biren Technology announced the issuance of 130 million new H-shares at HKD 31.08 per share, raising HKD 4.04 billion, followed by a 56.2% drop in its stock price.

Why it matters. The financing and stock price fluctuations of Biren Technology reflect its development status and capital needs in the GPU market.