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HORIZONROBOT-W Makes Top-up Shr Placement at 5.75% Discount, Raising Net Proceeds of $6.339B
Recommend 36 Positive 58 Negative 42 |
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HORIZONROBOT-W (09660.HK) announced the top-up placement of 639 million shares, representing approx. 4.4% of its enlarged share capital. The Placing Price per share is $9.99, representing a discount of approx. 5.75% to yesterday's (25th) closing price of $10.6. The Company intended to use the estimated net proceeds of approx. $6.339 billion to optimize the capital structure and support a healthy and sustainable development of the Company, including the expansion of its business in the overseas market, accelerating domestic market business expansion; investments in research and development to further advance its technological capabilities, and to support the scaling of its advanced intelligent assisted driving solutions; investments in emerging sectors, such as Robotaxi-related initiatives; and strategic investment into its upstream and downstream business partners. AASTOCKS Financial News Website: www.aastocks.com |
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