HKG:1384

3 stories mentioning HKG:1384Updated 18d ago

Every FINWIRES story that references HKG:1384, newest first.

Deepexi Technology Completes HK$395 Million Share Placement; Shares Slip 5%

Deepexi Technology (HKG:1384) completed the placement of 7.94 million new shares at HK$50.58 apiece, raising net proceeds of about HK$395 million, according to a Thursday Hong Kong bourse filing.Shares of the large-model AI application provider were down nearly 5% in Friday morning trading.The placing shares represent about 2.4% of the company's enlarged share capital and were placed to not fewer than six independent investors.Deepexi said the proceeds will be used for overseas market expansion and localization capabilities building, potential strategic investments and acquisitions, and general corporate purposes.

HKG:1384

Asia26d ago

Hong Kong Stocks Extend Losses; Deepexi Technology Plunges 17%

Hong Kong stocks fell for a second straight session on Thursday as investors remained cautious while awaiting a breakthrough in the Middle East.The Hang Seng Index declined 264.60 points, or 1%, to end at 25,386.52, while the Hang Seng China Enterprises Index decreased by 129.81 points, or 1.5%, to close at 8,475.32.Pakistan intensified diplomatic efforts to bring Iran and the U.S. back to the negotiating table as the two sides remain at odds, Reuters reported.With no visible progress toward ending the conflict in the Middle East, oil prices were again trending higher, raising concerns about inflation and the broader impact on the global economy.Meanwhile, Russian President Vladimir Putin left China without securing any major breakthrough on the long-delayed Russia-to-China natural gas pipeline project.Despite years of negotiations, the proposed Power of Siberia 2 pipeline remains stalled over unresolved issues, including gas pricing terms and flexibility on supply volumes.In corporate news, shares of Deepexi Technology (HKG:1384) slumped 17% at market close after disclosing that it is seeking to raise HK$395 million via private placement.The enterprise AI company is offering 7.9 million new H shares at HK$50.58 each to raise funds to expand its business overseas.

Hang SengHKG:1384

Asia26d ago

Deepexi Technology to Raise HK$395 Million via Share Placement

Deepexi Technology (HKG:1384) agreed to place 7.9 million new H shares at HK$50.58 each, raising net proceeds of about HK$395 million, according to a Thursday Hong Kong bourse filing.The placing price represents a discount of about 20% to the stock's last closing price and five-day average closing price, the filing showed.The new shares account for about 2.4% of the company's existing issued share capital.The enterprise AI company plans to use the proceeds for overseas market expansion and localization capabilities building, potential strategic investments and acquisitions, as well as working capital and general corporate purposes.Deepexi expects to place the shares with at least six independent investors under its general mandate, with no shareholder approval required.

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