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Fourth Paradigm Announces Placement of 25.9 Million H Shares, Aiming to Raise HK$1.306 Billion
1 day ago /
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Author：小编
Fourth Paradigm has made an announcement on the Hong Kong Stock Exchange regarding its plans to place 25.9 million H shares, with each share priced at HK$50.50. This initiative is expected to generate net proceeds of approximately HK$1.306 billion. The allocation of these funds will be as follows: 50% will be dedicated to research and development of comprehensive AI products and solutions in emerging fields, including embodied intelligence, smart devices, blockchain, real-world assets (RWA), and stablecoins; 40% will be allocated towards global business expansion and potential mergers and acquisitions in these burgeoning sectors; and the remaining 10% will be used for general corporate purposes.
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