2 stories mentioning SHE:000555Updated 12d ago
Every FINWIRES story that references SHE:000555, newest first.
Digital China Information Service Group (SHE:000555) directors approved the sale of a 2.6479% stake in Puyi Smart Cloud Technology (Chengdu) to Chengdu Shengshi Puyi Technology for 3.6 million yuan.Following the transaction, Digital China will no longer hold a stake in Puyi Cloud, according to a Wednesday filing.
Digital China (HKG:0861) said its unit Digital China Information Service (SHE:000555) plans to raise up to 1 billion yuan through a private placement of new shares, according to a Monday Hong Kong bourse filing.Shares of the Chinese IT company were down nearly 4% in Tuesday's midday trade.Digital China Information intends to issue up to about 195.2 million shares, representing 20% of its existing share capital, to no more than 35 investors.The final issue size and price will be determined through book-building, subject to regulatory approvals.Assuming full issuance, Digital China's stake in the unit would be diluted by about 6.4% to roughly 32.2%, the filing said.The proceeds are intended for investment in AI technologies, the establishment of an East China business base, and working capital.
