Vobile Group Completes HK$513 Million Share Placement to Boost AI Ventures

An update from Vobile Group ( (HK:3738) ) is now available.

Vobile Group Limited announced the successful completion of placing 138 million new shares, raising approximately HK$513 million. The company plans to allocate 65% of the proceeds to develop and invest in its AI-generated content business, 10% to repay interest-bearing borrowings, and 25% for general working capital, thereby strengthening its operational capabilities and market position.

The most recent analyst rating on (HK:3738) stock is a Buy with a HK$5.40 price target. To see the full list of analyst forecasts on Vobile Group stock, see the HK:3738 Stock Forecast page.

More about Vobile Group

Vobile Group Limited is a company incorporated in the Cayman Islands, operating in the technology sector with a focus on artificial intelligence-generated content. It is listed on the Hong Kong Stock Exchange under the stock code 3738.

Average Trading Volume: 24,462,280

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.97B

Find detailed analytics on 3738 stock on TipRanks’ Stock Analysis page.