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DEEPEXI TECH Opens 5.63% Lower, Raises Net HKD395M via Placing at 19.8% Discount
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DEEPEXI TECH (01384.HK) raised net proceeds of HKD395 million through a share placing at a 19.8% discount. The stock opened 5.63% lower this morning at HKD59.5, with 56,600 shares traded in pre-market negotiated transactions, involving HKD3.3677 million. Enterprise-level large-model AI service provider DEEPEXI TECH announced a proposed placement of 7.942 million new H shares of the company, representing approximately 2.374% of its enlarged share capital. The placing price is HKD50.58 per share, representing a discount of about 19.78% to the closing price of HKD63.05 on the previous day (20th). The placement is expected to raise net proceeds of approximately HKD395 million. Of the total, approximately 70% of the net proceeds from the placing will be used for overseas market expansion and localization capabilities building; approximately 20% will be used to prudently pursue strategic investment and acquisition opportunities that are synergistic with the group’s principal business and overseas expansion plans; and approximately 10% will be used to supplement daily working capital and for general corporate purposes. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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