Jiufulai (08611) plans to discount about 32.4% of shares by issuing shares on the “2 to 1” basis to raise a maximum net of about HK$281 million

According to the Zhitong Finance App, Jiufulai (08611) announced that the company plans to issue up to 234 million shares according to the “2 for 1” benchmark, with a subscription price of HK$1.23 per share, a discount of about 32.4% from the closing price of HK$1.82 per share reported on the Stock Exchange on the last trading day. The net proceeds from the stock offering are estimated to be no more than HK$281 million. It is intended to enhance its existing IT infrastructure through integrated artificial intelligence solutions, restructure its main data center in China to expand data capacity, and redevelop several software-as-a-service products to diversify its service areas.