Black Sesame International to Raise HK$568 Million via Discounted Share Subscription

Black Sesame International Holding Limited ( (HK:2533) ) has issued an update.

Black Sesame International Holding Limited has entered into subscription agreements with certain investors for the conditional issuance of 30,131,900 new shares under its existing general mandate at HK$18.88 per share. The new shares represent about 4.70% of the company’s existing issued share capital (4.49% on an enlarged basis) and are being offered at a discount of roughly 13.24% to the latest closing price and 8.55% to the recent five-day average, raising expected gross proceeds of approximately HK$568.9 million (net HK$568.1 million), subject to Stock Exchange approval for listing and completion of conditions, which could modestly dilute existing shareholders while strengthening the company’s capital base.

The most recent analyst rating on (HK:2533) stock is a Sell with a HK$16.00 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

More about Black Sesame International Holding Limited

Black Sesame International Holding Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 2533. The company operates in the technology and semiconductor sector, focusing on advanced computing and related solutions, and accesses international capital markets through its Hong Kong listing to support its growth and development plans.

Average Trading Volume: 12,118,478

Technical Sentiment Signal: Buy

Current Market Cap: HK$13.69B

See more insights into 2533 stock on TipRanks’ Stock Analysis page.