Kingsoft Cloud Holdings Ltd. has announced the successful completion of a private placement of new shares under its general mandate. A total of 338,000,000 new shares were placed by the company's placing agent to no fewer than six investors at a price of HK$8.29 per share. Following the placement, the company's issued share capital has increased from approximately 4.19 billion shares to approximately 4.53 billion shares. The proceeds from this placement are expected to support the company's business operations and growth strategies. Major shareholders, including Kingsoft Corporation and Xiaomi Corporation, remain significant holders after the completion of the transaction.
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