Xunce Signs HK$784 Million Share Placement at HK$107.70 Per Share
2026-07-03 01:14:59
Xunce announced that it signed a share placement agreement with a placing agent after trading hours on July 2, 2026, agreeing to place shares at HK$107.70 per share, according to 36Kr. Assuming all placement shares are fully placed, the gross proceeds are expected to total about HK$784 million, with net proceeds of about HK$771 million. The company said it plans to use the funds to strengthen end-to-end AI data infrastructure, expand deployment of cross-industry commercialized and scalable solutions, pursue overseas deployments through a customer-oriented international strategy, and for working capital and general corporate purposes.
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