Summary by Moomoo AI
SenseTime Group entered into a placement agreement with the placement agent on December 11, 2024, intending to place 1.865 billion new Class B shares at a price of HKD 1.50 per share, representing a discount of approximately 6.3% compared to the last trading day's closing price of HKD 1.60. The placed shares account for about 5.31% of the existing issued shares.The net proceeds from the placement are expected to be approximately HKD 2.787 billion, mainly used to support the company's core business development, including building an AI cloud, enhancing SenseTime's large-scale installations, supporting the development of generative AI, and serving as general working capital. The placement is subject to certain conditions being met, including the approval of the Hong Kong Stock Exchange for...Show More
