Weimob Attracts HK$1.56 Billion Funding From Infini Capital; Shares Up 6%
MT Newswires Live
Sep 18
Weimob (HKG:2013) attracted a HK$1.56 billion investment from Hong Kong-based hedge fund Infini Capital Global, according to a Hong Kong bourse filing Thursday.
The digital commerce company agreed to sell 688,494,000 shares at HK$2.26 each to the investor to raise funds for its expansion and growth plan.
The shares represent 19.04% of the company's issued share capital and 16% on an enlarged basis.
The shares will be issued in two equal tranches of 344,247,000 shares each.
Weimob's shares rose nearly 6% in recent trading.
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