HK-listed SenseTime slips most in nearly 4 weeks on discounted share sale

SenseTime

17/04/2026 02:59

** Shares of SenseTime Group Inc 0020.HK slip 4.8% to HK$1.99, on track for the biggest one-day pct drop since March 23

** Stock touches the lowest level since April 13, snapping three straight sessions of gains; top pct loser in Hang Seng TECH Index .HSTECH, which is down 0.9%

** The developer of AI infrastructure and big models plans sale of 1.7 bln new shares, representing 4.04% of the enlarged share capital, to third-party investors, raising HK$3.25 bln ($415.22 mln)

** Net proceeds will be used to expand AI infrastructure and to fund R&D of Generative AI, among others

** The new shares will be sold at HK$1.91 apiece, or 8.61% discount to Thursday's close of HK$ 2.09 each

** YTD, stock down 8.6%, while benchmark Hang Seng Index .HSI up 2.1%

($1 = 7.8271 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))