On June 2, SenseTime-W rose 3.41% in regular trading, trading at HK$1.81/share, with trading volume of HK$313 million.
On the news front, the company announced it will seek shareholder approval at its annual general meeting on June 24 for a general share repurchase mandate of up to 10% of total issued shares. Based on approximately 42.22 billion shares currently outstanding, the company could repurchase up to roughly 4.22 billion shares, funded entirely by internal resources.
Additionally, positive sentiment carried over from the previous session when Shanghai officially released its AI-empowered micro-drama industry development support measures. SenseTime's Seko industrial base was simultaneously launched in Xuhui Westbund, leveraging over 40,000P of computing power and full-chain domestic capabilities to build an AI micro-drama OPC innovation ecosystem, with more than 20 teams already onboarded. The Xuhui district also introduced supporting policies offering up to RMB 30 million in annual development support for newly established enterprises.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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