INSPUR DIGI ENT (00596) fell more than 9% intraday, trading at HK$7.05 by press time, down 8.91% with a turnover of HK$65.40 million. The decline follows the company's recent announcement of a lightning placement on November 16.
The placement involved 67.63 million shares priced at HK$7.3 apiece, representing a 6.77% discount to the closing price on November 14. Net proceeds are estimated at HK$490 million. Concurrently, the board proposed relocating its registration from the Cayman Islands to Hong Kong.
First Shanghai noted the placement attracted no fewer than six long-term investors, with CPE Yuanfeng Capital—a prominent industrial investor—taking over 60% of the allotment. CPE Yuanfeng had signed a strategic cooperation agreement with INSPUR Computer on November 4. As the core subsidiary of INSPUR Group driving domestic software substitution, INSPUR DIGI ENT's high-quality business value earned strong endorsement, with investors expected to hold shares for at least two years.
The move is seen as optimizing shareholding structure, potentially facilitating inclusion in the Stock Connect program.
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