Black Sesame to Sell HK$569 Million Worth of Shares

MT Newswires Live

01/09

Black Sesame International (HKG:2533) said it agreed to sell HK$568.9 million worth of shares to three existing investors, according to a Hong Kong bourse filing Friday.

The artificial intelligence chips maker will sell around 30.1 million shares at HK$18.88 apiece to raise funds for the continued growth of the business.

The shares represent 4.70% of the firm's issued share capital and 4.49% as enlarged by the sale.

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