The Zhitong Finance App learned that Nobikan (02635) rose more than 20% at the end of the session. As of press release, it had risen 12.22% to HK$11.16, with a turnover of HK$51.568 million.

According to the news, on October 9, Nobicam announced the completion of the placement, with a net raise of approximately HK$131 million, with a placement price of HK$8.19 per share. A total of 16.488,500 new H shares were issued in this placement, accounting for 5.14% of the total number of H shares before the placement and 4.17% of the total share capital after the expansion. The company previously stated that it plans to use about 40% of the net fundraising to develop artificial intelligence operation and maintenance technology for large-scale infrastructure; about 20% to expand overseas business; about 20% for potential industry acquisition targets such as basic computing power, AI models and industry application companies, and about 20% to supplement working capital.

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