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FINWIRES

Inkeverse Group to Raise HK$329 Million in Share Sale

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Inkeverse Group (HKG:3700) agreed to issue HK$329.4 million worth of shares to several investors, according to a Thursday filing with the Hong Kong bourse.

The firm will issue 387.5 million shares at HK$0.85 apiece as part of efforts to acquire high-performance GPUs and expand its computing infrastructure.

The shares will be sold to nine subscribers comprising six corporate investors, two individual investors and one institutional investor.

The shares represent 20% of the company's issued share capital and 16.67% as enlarged by the sale.

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