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DEEPEXI TECH Places Shares at 19.8% Discount to Raise HKD395M Net
Enterprise-level large-model AI service provider DEEPEXI TECH (01384.HK) announced a proposed placement of 7.942 million new H shares of the company, representing approximately 2.3...
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DEEPEXI TECH Places Shares at 19.8% Discount to Raise HKD395M Net
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Enterprise-level large-model AI service provider DEEPEXI TECH (01384.HK)  +5.050 (+9.656%)   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.
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