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SenseTime plans to raise approximately HKD 2.5 billion through a share placement to develop businesses related to RWA, digital assets, stablecoins, and to obtain relevant qualifications.
Odaily News According to the Hong Kong Stock Exchange announcement, SenseTime Group has announced a placement of 1.667 billion new Class B shares at a placement price of HKD 1.5 per share to raise approximately HKD 2.5 billion. The company intends to use part of the net proceeds from the placement to explore the technological integration and practice of artificial intelligence in innovative verticals, including but not limited to developing embodied intelligent Bots independently or in collaboration with strategic partners, engaging in Blockchain, Real World Assets (RWA), digital assets, stablecoins, and obtaining relevant qualifications, as well as for general working capital.
RWA-11.81%