SenseTime Group, Inc. Class B (HK:0020) has released an update.
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SenseTime Group Inc. is set to place 1.865 billion new Class B shares at HK$1.50 each, representing a discount to recent market prices. This move is expected to generate net proceeds of approximately HK$2.787 billion, targeting not less than six investors through a best effort basis placement. Investors are advised to remain cautious as the deal’s completion depends on several conditions being met.
For further insights into HK:0020 stock, check out TipRanks’ Stock Analysis page.