Beijing 51WORLD sinks to six-week low on discounted share sale
03/07/2026 04:15
BUZZ-Beijing 51WORLD sinks to six-week low on discounted share sale ** Shares of Beijing 51WORLD Digital Twin Technology 6651.HK drop 9.8%, falling for a fourth consecutive session to HK$75, the lowest level since May 21
** China-based company plans sale of 5.47 mln new shares, or 1.3% of the enlarged share capital, to third party investors, aiming to raise HK$400 mln ($51 mln) for infrastructure construction, R&D, commercialization and deployment of embodied AI
** New shares will be issued at HK$73.20 apiece, representing a 12% discount to Thursday's close of HK$83.15
** YTD, stock up 97.3%, Hang Seng TECH Index .HSTECH down 18.1%
($1 = 7.8424 Hong Kong dollars)
(Reporting by Donny Kwok)
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