MANY IDEA CLOUD plans to conduct a rights issue based on the "1 for 6" benchmark, with a maximum net raise of approximately HKD 272.8 million
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MANY IDEA CLOUD announced plans to conduct a rights issue based on a "1 for 6" benchmark, with a subscription price of HKD 0.4753 per share, expecting to raise a maximum net amount of approximately HKD 272.8 million. The rights issue will offer up to 576 million shares to eligible shareholders, with 92.3% of the proceeds allocated for the development of AI models and 7.7% for purchasing media resources, expected to be fully utilized by the end of 2026
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