China's Z.AI raises $5 billion from new share, convertible bond sales, filing shows
· economictimes.indiatimes.com
Z.AI launched the sales on Friday, offering 21.97 million new Hong Kong shares at HK$714 ($91.05) each, a 10% discount to Friday's closing price of HK$793.
Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent con...