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The latest announcement is out from Fenbi Limited ( (HK:2469) ).
Fenbi Limited announced a change in the use of proceeds from its global offering, reallocating the unutilized funds of approximately HK$60.8 million. The company plans to invest in AI vertical model technology, research development, and AI product commercialization, as well as in advanced AI-related high-end talent and infrastructure. This strategic shift aims to enhance its technological capabilities and market positioning, with the expectation to fully utilize the funds by December 2026.
More about Fenbi Limited
Fenbi Limited is a company incorporated in the Cayman Islands, operating in the education sector. It focuses on enriching course offerings, expanding its student base, enhancing content and technological development capabilities, and conducting marketing campaigns for both online and classroom-based services.
Average Trading Volume: 69,818,408
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.9B
Learn more about 2469 stock on TipRanks’ Stock Analysis page.