Summary by Moomoo AI
Uber Technologies announced on May 15, 2024 that it will adjust the use of proceeds from its initial public offering of H shares. The Company was listed on the main board of the Hong Kong Stock Exchange on 29 December 2023 and issued a total of 11,574,150 shares of H shares with a total raised amount of approximately HK$1,041.67 million, net of related charges of HK$931.21 million. As of 30 April 2024, the Company had spent approximately HK$155.78 million, with approximately HK$775.43 million remaining. The Board of Directors decided to withdraw some of the unused funds from the Brand Awareness and Market Penetration project and use it to repay bank loans and general working capital to improve the efficiency of use of funds and reduce financial costs...Show More