EASOU TECH(02550) raises HK$183M from a top-up placing X
20/06/2025 15:03
(Infocast News)    EASOU TECH(02550) announced a top-up placing of 57.33 million shares at HK$3.20 per share (representing a discount of 8% to the closing price on 19 June 2025) to raise HK$183.5 million  in gross proceeds.

The number of the Placing Shares represents approximately 14.8% of the enlarged total number of issued Shares upon the completion of the Subscription.

The net proceeds are expected to be approximately HK$180.7 million.

The Company presently intends to use the net proceeds from the Subscription to fund: (i) the research and development of the artificial intelligence recommendation engine to facilitate new application scenarios, such as short dramas, as well as the investment in technologies for artificial intelligence generated content (AIGC);  (ii) the expansion of online games and short dramas in overseas markets; and (iii) the upgrades and development of intelligent advertisement platforms. 

(SY)

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