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Zhineng Technology (1274.HK) Aims to Raise Over HK$230 Million Through a 9% Discounted Share Placement
2 day ago /
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Author：小编
Zhineng Technology intends to issue 15.495 million new H shares, constituting approximately 6.02% of the enlarged share capital, at a price of HK$15.22 per share. This placement is expected to raise a total of approximately HK$236 million. The allocation of these funds is as follows: 50% will be dedicated to advancing high-order intelligent driving and cockpit integrated solutions, as well as product development; 10% will be invested in research and development (R&D) and production facility construction; 15% will be utilized for R&D in robotics, mergers, and acquisitions; and the remaining 25% will be reserved for working capital and general corporate purposes.
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