Financial Wire

SenseTime Group Seeking HK$3.25 Billion via Share Offering; Shares Up 4%

-- SenseTime Group (HKG:0020) is looking to raise HK$3.25 billion via a share offering, according to a Hong Kong bourse filing Friday.

Shares of the company declined nearly 4% in morning trade Friday.

The artificial intelligence firm is seeking investors for 1.7 billion shares of the company priced at HK$1.91 apiece, representing 4.09% of its class B shares and 4.04% of its total issued shares, as enlarged by the placing.

Proceeds from the placement will be used to expand the company's AI infrastructure and research and development activities, SenseTime said.

Related Articles

Asia

Boyaa Interactive to Buy 10 Bitcoins

Boyaa Interactive International (HKG:0434) is foregoing a previous plan to acquire up to $70 million in cryptocurrencies and instead entered into an agreement to buy 10 Bitcoins, according to a Hong Kong bourse filing Thursday.Shares of the online card and board games company fell over 1% in morning trade Friday.The firm is buying the bitcoins from Liquidity Technology for $749,000.The acquisition is subject to shareholder approval and is scheduled to be completed by June 29.

$HKG:0434
Asia

Ganfeng Lithium Group Forecasts Return to Profitability in Q1 2026

Ganfeng Lithium Group (HKG:1772) said it expects 1.6 billion yuan to 2.1 billion yuan in attributable profit for the first quarter of 2026, swinging from a loss of 355.8 million yuan in the prior-year quarter, according to a Hong Kong bourse filing Thursday.Shares of the lithium battery maker fell over 1% in morning trade Friday.Basic earnings per share are expected to be 0.77 yuan to 1.01 yuan, compared with a loss of 0.18 yuan per share in the prior year period.The firm attributed the turnaround to a rise in demand for its products and higher selling prices for lithium salt products.

$HKG:1772
International

Annual Inflation in New Zealand Expected to Slow to 2.9% in Q1, ANZ Research Says

Annual inflation in New Zealand is to expected slow by 0.2 percentage points in the March quarter to 2.9%, slightly higher than the previous forecast of 2.8% but slightly lower than the Reserve Bank of New Zealand's (RBNZ) April forecast of 3%, ANZ Research said in a note on Friday.The first quarter consumer price index data, scheduled to be released on April 21, will capture some initial impacts from the Middle East conflict, but inflationary effects will be more pronounced in the second quarter. If the sharp rise in fuel prices are sustained around current levels, the June quarter consumer price index will record a much larger quarterly rise.The bank expects the core inflation indicators to remain within the 1% to 3% target band, with the weighted median, 30% trimmed mean, and ex‑food, fuel and energy measures expected to land within a 0.3% band around 2%.It is reasonable to assume that uncertainty around the medium-term inflation outlook will be the monetary policy committee's main focus in May, ANZ said.

$^NZ50