Summary by Moomoo AI
SenseTime Group completed the placement of new Class B shares under the general authorization on December 17, 2024. This allocation issued 1.865 billion new Class B ordinary shares, accounting for 5.4% of the total issued shares before the placement, with a placement price of HK$1.50 per share, raising approximately HK$2.8 billion. After the placement, the number of Class B ordinary shares increased from 34,528,336,530 shares to 36,393,336,530 shares, while the number of Class A ordinary shares remained unchanged at 614,034,470 shares. This financing will strengthen the company's capital position and may be used for business development, research and development investment, or to supplement working capital.