Deepexi Technology drops most in 10 weeks on discount share sale

Deepexi Technology Co

21/05/2026 03:21

** Deepexi Technology 1384.HK stock drops 15.3% to HK$53.4, on track for its biggest one-day pct fall since March 13

** Stock hit lowest level since May 7; second-biggest pct loser on Hang Seng Composite Index on IT stocks .HSCIIT, which adds 0.5%

** China-based large model AI application solutions provider plans sale of 7.94 mln new shares to third-party investors, raising HK$401.6 mln ($51.28 mln) for overseas markets expansion and acquisition, among others

** New shares, representing 2.37% of enlarged share capital, will be offered at HK$50.58 apiece, or a 19.78% discount to Wednesday's close

** YTD, stock down 15.7%, Hang Seng TECH Index .HSTECH down 10.9%

($1 = 7.8312 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))