HK's XtalPi jumps on involvement in AI integration project, share sale plan

XtalPi Holdings

19/02/2025 03:30

** Shares of XtalPi Holdings  2228.HK , a provider of drug
discovery and intelligent automation solutions, jump 9.7% to
HK$7.11; set for biggest one-day pct gain since Feb. 10 
    ** XtalPi says its unit Shenzhen Jingtai and state-owned
Guangdong Hengjian Investment are advancing implementation of
"AI+" technology and industry integration innovation consortium
project
    ** Project focuses on "AI+ Robotic Automation" in building
AI research infra for future development of AI-based pharma, new
materials, new energy, robotics industries
    ** XtalPi also plans sale of 342.3 mln shares to third-party
investors to raise HK$2.09 bln ($268.8 mln) for R&D, product
commercialization and for working capital 
    ** Says shares will be issued at HK$6.10 apiece, or 5.9%
discount to Tuesday's close
    ** Hang Seng Commerce & Industry Index  .HSNC  fall 0.5%, 
Hang Seng Index  .HSI  eases 0.4%

($1 = 7.7740 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))