SenseTime Group Secures Equity Investment Through Share Subscription Agreement

Reuters12-18 06:33

SenseTime Group Secures Equity Investment Through Share Subscription Agreement

SenseTime Group Inc. announced that it has entered into a subscription agreement with Infini Capital Management Limited and a placing agreement with Guotai Junan Securities (Hong Kong) Limited and CLSA Limited for a new issue of Class B shares under its general mandate. The transaction, referred to as the Second Previous Placing, was completed on July 31, 2025. Previously, the company raised approximately HK$2,787 million from an earlier placing, with net proceeds used to support the development of its core AI business, enhancement of its AI infrastructure SenseCore, advancement of generative AI research and product development, and general working capital. The newly placed Class B shares each confer one vote per share at the company's general meetings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SenseTime Group Inc. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251218-11959271), on December 17, 2025, and is solely responsible for the information contained therein.

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