Black Sesame International expects HKD 632.4 million net proceeds from new share subscription after placing termination

Reuters03-19

<a href="https://laohu8.com/S/02533">Black Sesame</a> International expects HKD 632.4 million net proceeds from new share subscription after placing termination

Black Sesame said the placing agreement related to its subscription of new shares under a general mandate was terminated. The subscription agreement remains in effect, and completion is still subject to conditions. Following the termination, expected net proceeds from the subscription were revised to about HKD 632.4 million. The company said it plans to allocate 50% of the proceeds to core technology research and development and 40% to product commercialization and market expansion. It also earmarked 10% for general working capital purposes.

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. Black Sesame International Holding Ltd. 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-20260319-12058232), on March 18, 2026, and is solely responsible for the information contained therein.

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