INKEVERSE (03700) opened sharply higher, gaining nearly 5% on the Hong Kong stock exchange. As of the latest update, the stock was up 4.72% to HK$1.11, with a turnover of approximately HK$1.43 million. The surge follows the company's announcement of a proposed share placement. The plan involves issuing 387.5 million shares at a price of HK$0.85 per share, which is expected to raise net proceeds of about HK$328 million. Approximately 75% of the funds raised will be allocated to acquiring high-performance GPUs to establish and expand the group's GPU computing infrastructure. The remaining 25% is intended to serve as general working capital for the GPU computing infrastructure over the next 12 months and to cover the daily administrative expenses of the group's overseas teams.