HKG:3700

2 stories mentioning HKG:3700

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Inkeverse Group to Raise HK$329 Million in Share Sale

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.

HKG:3700

Asia64d ago

Inkeverse's Deposit to Skywork AI Investment Returned While Deal Awaits Approval

Inkeverse Group (HKG:3700) said the deposit paid under its Series A preferred share purchase agreement with Skywork AI has been returned in full, as the transaction remains pending regulatory approval, according to an April 10 Hong Kong bourse filing.Shares of the entertainment content service firm were down over 1% in Monday morning trade.The company agreed in August 2025 to invest 100 million yuan for about a 0.7% stake in Skywork AI through the purchase of Series A preferred shares.Inkeverse said all conditions precedent have been fulfilled except for outbound direct investment approval.Skywork AI, a subsidiary of Kunlun Group, is engaged in artificial intelligence and AI-generated content businesses.Inkeverse said it is unable to provide a timeline for completion, given uncertainties around the approval process.

HKG:3700