SENSETIME-W Completes Placing of New Class B Shrs for $1.995B Net Proceeds

　　SENSETIME-W (00020.HK) +0.010 (+0.746%) Short selling $33.61M; Ratio 5.923% announced that a total of 1.673 billion new Class B Shares were placed at the Placing Price of HK$1.2 per Placing Share. The net proceeds from the Placing amounted to HK$1.995 billion.

　　The Company intends to use such net proceeds mainly for further enhancing the scale of the Companys industry leading AI infrastructure - SenseCore, supporting the further development of generative AI including large model research and product development.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-27 16:25.)