Black Sesame International Completes HK$633 Million Share Sale to Infini Global

MT Newswires Live

05/11

Black Sesame International (HKG:2533) completed a HK$633.3 million share sale to Infini Global Master Fund, according to a Friday filing with the Hong Kong bourse.

The intelligent vehicle services provider's shares gained nearly 2% in morning trade on Monday.

The firm sold 33.5 million shares to the investor at HK$18.88 apiece, representing 4.71% of its enlarged share capital.

The share issue previously hit a snag after the placement's agents stepped back from the sale.

Both China International Capital Corp. (HKG:0264) and Huatai International withdrew from the share placement after Hong Kong regulators began probing financial firms, which reportedly included Infini Global, in insider dealing charges.

At the time, Black Sesame International said the share subscription by Infini Global remained "valid and binding."

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