WEIMOB INC (02013) surged over 15% during intraday trading. As of press time, the stock was up 12.31% to HK$2.92, with trading volume reaching HK$1.644 billion.

WEIMOB INC announced plans to place approximately 688 million shares with Wuji Capital, representing about 16% of the enlarged issued share capital. The placement price is set at HK$2.26 per share, with net proceeds from the placement expected to be approximately HK$1.555 billion.

According to the announcement, 30% of the proceeds will be allocated to exploring AI integration and applications in SaaS, 30% for expanding media channels and strengthening precision marketing services, 10% for overseas business development, and 30% for supplementing working capital and general corporate purposes.

Public information shows that Wuji Capital is an investment firm with dual headquarters in Abu Dhabi and Hong Kong. The firm has been deeply involved in strategic investments in multiple leading companies in the AI sector and possesses extensive industry experience and resource integration capabilities. Upon completion of the placement, Wuji Capital will become the company's largest single shareholder with a 16% stake.

The participation of international capital will further optimize WEIMOB INC's shareholder structure and accelerate the advancement of its "large client focus, ecosystem development, and internationalization" strategy.