Global law firm Clifford Chance has advised on two successful new share placements on the Main Board of the Hong Kong Stock Exchange. The firm advised:
- SenseTime Group Inc., a leading AI company in China, successfully placed 1,666,667,000 new Class B shares, representing approximately 4.38% of the number of issued Class B shares and raising approximately HK$2.5 billion.
- InnoScience (Suzhou) Technology Holding Co., Ltd., the world’s largest Gallium Nitride power semiconductor manufacturer, successfully placed 13,584,000 new H Shares, representing approximately 2.69% of the H Shares issued, and raised approximately HK$544 million.
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