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Inke Ltd. ( (HK:3700) ) has issued an announcement.
Inkeverse Group Limited, through its subsidiary Beijing Meelive, has entered into a Series A Preferred Share Purchase Agreement with Skywork AI. This transaction involves Beijing Meelive purchasing 9,950,617 Series A Preferred Shares of Skywork AI for RMB100,000,000, representing approximately 0.67% of Skywork AI’s enlarged share capital. This move is part of a connected transaction due to the involvement of Kunlun Group Limited, a substantial shareholder of Inkeverse and an associate of Skywork AI. The transaction is subject to certain conditions and regulatory approvals but does not require independent shareholder approval under the Listing Rules.
The most recent analyst rating on (HK:3700) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Inke Ltd. stock, see the HK:3700 Stock Forecast page.
More about Inke Ltd.
Average Trading Volume: 2,163,600
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.48B
Learn more about 3700 stock on TipRanks’ Stock Analysis page.