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WEIMOB INC Aims to Raise HKD1.5B+ Net Through 8.9% Discounted Shr Placement to Infini Capital
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WEIMOB INC (02013.HK) has announced the placement of 688 million shares (around 16% of the enlarged share capital) to Infini Capital at a price of HKD2.26 per share, about an 8.87% discount to yesterday's (17th) closing price of HKD2.48.

The company expects the net proceeds from the placement to be around HKD1.555 billion, which will be fully utilized by the end of 2027.

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