CIG Shanghai (HKG:6166, SHA:603083) raised HK$1.98 billion in gross proceeds from the placement of 15.6 million H shares at HK$126.66 apiece, according to a Friday bourse filing in Shanghai.
Net proceeds from the placement to at least six investors reached HK$1.97 billion. The data transmission device maker will use the proceeds to stockpile core components and fund general corporate purposes.
Audinate Group (ASX:AD8) shares were marginally lower in recent Friday trade after it said in a Thursday statement it made three new additions to its Dante Avio Install adapter products, Dante Avio Install 4-Ch Analog Input, 4-Ch Analog Output, and 2-Ch In/2-Ch Out Analog adapters, all featuring dual switched Ethernet ports allowing up to four units to share a single network drop via daisy chaining.The new models allow for higher channel density when connecting to amplifiers, line mixers, digital signal processors, and other analog installed audio visual equipment.The adapters are launching with exclusive distribution through Midwich in the US, with units expected to ship in late June.
Dazhong Mining's (SHE:001203) subsidiary, Anhui Jinrisheng Mining, agreed to borrow 250 million yuan from Bank of China's (SHA:601988, HKG:3988) Lu'an branch, according to a Shenzhen bourse filing on Friday.Dazhong Mining serves as the guarantor for the loan.The mining company's available guarantee balance for Jinrisheng Mining reduced to 1.20 billion yuan from 1.45 billion yuan.Dazhong's shares jumped 3% during the midday trade.
DL Holdings (HKG:1709) said C Capital AI agreed to invest $1.5 million in ARTi Holding through a pre-A funding round, according to a Thursday Hong Kong bourse filing.The investor will subscribe for 500 new Class B shares, implying a pre-money valuation of $30 million for the artificial intelligence investment research platform.Following the transaction, DL Holdings' stake in ARTi will be diluted to about 47.6% from 50%.