LABIXIAOXIN is issuing new shares and acquiring AI solution business through CB

LABIXIAOXIN (01262.HK) announced the acquisition of 100% equity in Beijing QuYun from independent third party Linhai Shuyun, which is engaged in developing software applications for enterprises using AI models, with clients including food and consumer goods manufacturers. The consideration is HKD 188 million, to be paid through the issuance of 20.83 million consideration shares at an issue price of HKD 3.98, representing a discount of 13.85% compared to the last trading day (5 days ago); and the issuance of HKD 105 million three-year zero-interest convertible bonds, with a conversion price of HKD 4.62, equivalent to the previous closing price