Kingsoft Cloud Holdings Ltd., a leading cloud service provider in China, has announced a proposed offering of 282,000,000 ordinary shares in offshore transactions to non-U.S. persons. This offering will be conducted under Regulation S of the Securities Act of 1933. Morgan Stanley Asia Limited has been appointed as the placing agent for this transaction. The company plans to utilize 80% of the net proceeds to support its AI business by expanding infrastructure and enhancing cloud service capabilities, while the remaining 20% will be used to replenish working capital and for other corporate 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. Kingsoft Cloud Holdings Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN81012) on September 23, 2025, and is solely responsible for the information contained therein.