Beijing 51World Seeks HK$400 Million via Share Offering

Beijing 51World Digital Twin Technology (HKG:6651) said it was seeking HK$400.1 million via a stock offering, according to a Friday filing with the Hong Kong bourse. The firm is seeking investors for nearly 5.5 million shares priced at HK$73.20 each to raise funds to develop artificial intelligence infrastructure. The shares represent 1.3% of the company's total issued shares.