SENSETIME-W Completes Placing of New Class B Shrs for $1.995B Net Proceeds

AASTOCKS

2024-06-28 01:53

SENSETIME-W (00020.HK) announced that a total of 1.673 billion new Class B Shares were placed at the Placing Price of HK$1.2 per Placing Share. The ne...

　　SENSETIME-W (00020.HK) +0.010 (+0.746%) Short selling $33.61M; Ratio 5.923% announced that a total of 1.673 billion new Class B Shares were placed at the Placing Price of HK$1.2 per Placing Share. The net proceeds from the Placing amounted to HK$1.995 billion.

　　The Company intends to use such net proceeds mainly for further enhancing the scale of the Companys industry leading AI infrastructure - SenseCore, supporting the further development of generative AI including large model research and product development.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-27 16:25.)

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Latest News

China's assets explosion and the high record global capital influx hit