Kingsoft Cloud Holdings Ltd. (03896) Plans to Offer 282 Million Ordinary Shares to Non-US Persons through Offshore Transaction Outside the United States
Stock News
Sep 23
Kingsoft Cloud Holdings Ltd. (03896) announced that on September 23, 2025, the board of directors plans to offer 282 million ordinary shares of the company to non-US persons through offshore transactions outside the United States under Regulation S of the U.S. Securities Act of 1933 (as amended). This placement will be subject to market conditions and other factors. The company currently plans to utilize the net proceeds from the placement by December 31, 2028, as follows: 80% of the placement proceeds will be used to support artificial intelligence business, including expanding infrastructure and enhancing cloud service capabilities, and 20% of the placement proceeds will be used to supplement working capital and other corporate purposes.
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