Easou Technology to Raise HK$338 Million via Top-Up Placement
MT Newswires Live
Jul 24
Easou Technology (HKG:2550) is set to raise about HK$338 million in net proceeds through a top-up placement, according to a Thursday Hong Kong bourse filing.
Growth Value, a controlling shareholder, is selling 65.79 million existing shares to independent investors.
In turn, the company will issue the same number of new shares to Growth Value at the same price under its general mandate.
The placing price is set at HK$5.26 per share, representing a 14.7% discount to the last close and an 11.2% discount to the five-day average.
Net proceeds will be used to invest in internet digital center assets, artificial intelligence, and Web3 ventures, and working capital, the filing said.
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