BLACK SESAME Offers Shares at Over 13% Discount to SummitView, Raising HKD568 Million
Share Placement Announcement: BLACK SESAME (02533.HK) announced the placement of 30.1319 million shares, representing approximately 4.49% of its enlarged share capital, to various enterprises at a price of HKD18.88 per share, which is a 13.24% discount from the previous closing price.
Expected Financial Outcome: The share placement is anticipated to generate around HKD568 million for the company.
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BLACK SESAME Partners with Apollo Go to Create Autonomous Driving Ecosystem
Stock Performance: BLACK SESAME (02533.HK) and BIDU-SW (09888.HK) experienced slight declines in their stock prices, with short selling activity reported for both companies.
Strategic Cooperation: BLACK SESAME and Baidu's Apollo Go have entered a strategic partnership to develop an autonomous driving ecosystem aimed at enhancing China's intelligent driving industry.
Focus on Industry Chain: The collaboration will leverage both companies' technological and operational strengths to accelerate the development of the L4 autonomous driving industry chain.
Analyst Outlook: Citi maintains a "Buy" rating on Baidu (BIDU.US), citing its comprehensive technology capabilities in the sector.
BLACK SESAME Initiates Intelligent Ship Inspection Robot Initiative in Collaboration with COSCO Shipping Subsidiary
BLACK SESAME Partnership: BLACK SESAME has entered into an agreement with Qingdao COSCO Shipping Digital Technology to develop embodied intelligence inspection robots for marine vessels, enhancing its robotics business in the maritime industry.
Market Performance: The company's stock is currently experiencing a slight decline, with a short selling amount of $2.18 million and a short selling ratio of 0.836%.
