Core Viewpoint - Jiangsu Hongxin (02625) experienced a significant stock price increase of over 16%, reaching HKD 3.93 with a trading volume of HKD 3.44 million [1] Company Summary - Jiangsu Hongxin announced a placement of up to 21.42 million new shares, representing a 9.09% increase in the enlarged share capital [1] - The placement price is set at HKD 2.90, which reflects a discount of 13.95% compared to the closing price on November 11 [1] - The total amount raised from the placement is HKD 62.13 million, with a net amount of HKD 58.65 million intended for investment in Haike Hongxin [1] Industry Summary - Haike Hongxin primarily engages in digital technology services, including the development and application of artificial intelligence, smart robotics, software, and blockchain solutions [1] - Its business scope also includes data processing, e-commerce, import and export, advertising, and related consulting and technical services [1] - The board believes that the placement will broaden the company's shareholder base and capital sources, while the net proceeds will strengthen the group's financial position for future development [1]

Core Viewpoint - Jiangsu Hongxin (02625) shares rose over 16%, reaching a price of HKD 3.93, with a trading volume of HKD 3.4448 million [1] Group 1: Share Placement - Jiangsu Hongxin announced a placement of up to 21.4246 million new shares, representing a 9.09% increase in the enlarged share capital [1] - The placement price is set at HKD 2.9, which reflects a discount of 13.95% compared to the closing price on November 11 [1] - The total amount raised from the placement is HKD 62.13 million, with a net amount of HKD 58.65 million intended for investment in Haike Hongxin [1] Group 2: Business Focus - Haike Hongxin primarily engages in digital technology services, including artificial intelligence, smart robotics, software, and blockchain solutions development and application [1] - Its business scope also includes data processing, e-commerce, import and export, advertising, and related consulting and technical services [1] Group 3: Financial Strategy - The board believes that the placement will broaden the company's shareholder and capital base [1] - The net proceeds from the placement will strengthen the group's financial position and prepare for future development [1]

Core Viewpoint - Jiangsu Hongxin (02625) has announced a placement agreement to issue up to 21.4247 million new H-shares, representing 10% of the company's existing share capital, with a placement price of HKD 2.90 per share, reflecting a discount of approximately 13.95% from the market price on the agreement date [1] Group 1 - The total proceeds from the placement, assuming full subscription, will amount to HKD 62.1316 million, with estimated net proceeds of approximately HKD 58.65 million, equating to a net placement price of about HKD 2.737 per share [1] - The net proceeds are expected to be fully utilized for investment in Haike Hongxin Digital Technology (Jiangsu) Co., Ltd., which focuses on digital technology services, including AI, smart robotics, software, and blockchain solutions [1] - The board believes that the placement will broaden the company's shareholder base and capital sources, while also strengthening the group's financial position for future development [1]

Core Viewpoint - Jiangsu Hongxin (02625) has announced a placement agreement to issue up to 21.4247 million new H-shares, representing 10% of the company's existing share capital, with a placement price of HKD 2.90 per share, reflecting a discount of approximately 13.95% from the market price on the agreement date [1][1][1] Group 1: Placement Details - The total proceeds from the placement, assuming full subscription, will amount to HKD 62.1316 million, with estimated net proceeds of approximately HKD 58.65 million, equating to a net placement price of about HKD 2.737 per share [1][1][1] - The placement proceeds are expected to be fully utilized for investment in Haike Hongxin Digital Technology (Jiangsu) Co., Ltd., which focuses on digital technology services including AI, smart robotics, software, and blockchain solutions [1][1][1] Group 2: Strategic Implications - The board believes that the placement will broaden the company's shareholder base and capital sources, while also strengthening the group's financial position in preparation for future development [1][1][1]

Group 1 - The company Jiangsu Hongxin (02625.HK) has entered into a placement agreement to issue up to 21,424,691 new H shares at a price of HKD 2.90 per share, representing a discount of approximately 13.95% compared to the closing price of HKD 3.37 on the date of the agreement [1] - The placement shares will account for 10% of the company's existing share capital and approximately 9.09% of the enlarged share capital post-placement, assuming no changes in the issued share capital until the completion of the placement [1] - The estimated net proceeds from the placement, after deducting commissions and other expenses, are expected to be around HKD 58.65 million, equating to a net placement price of approximately HKD 2.737 per share [1] Group 2 - The net proceeds from the placement are intended to be fully invested in Haike Hongxin Digital Technology (Jiangsu) Co., Ltd., which focuses on digital technology services, including artificial intelligence, smart robotics, software, and blockchain solutions [2] - Haike Hongxin's business also encompasses data processing, e-commerce, import and export, advertising, and related consulting and technical services [2]