SHAREHOLDERS OF MARKETINGFORCE (02556) TRANSFERRED STOCKS WORTH 517 MILLION HONG KONG DOLLARS FROM FUTU SECURITIES INTERNATIONAL HONG KONG TO STOCK CONNECT (SHENZHEN), ACCOUNTING FOR 3.23% OF THE TOTAL.

According to the latest data from the Hong Kong Stock Exchange, on February 21, MARKETINGFORCE (02556) shareholders transferred HK$517 million worth of stocks from Futu Securities International in Hong Kong to the Shenzhen-Hong Kong Stock Connect, accounting for 3.23%. On February 19, MARKETINGFORCE shareholders transferred HK$644 million worth of stocks from Tiger Brokers Global in Hong Kong to the Shenzhen-Hong Kong Stock Connect, accounting for 4.70%. On February 12, MARKETINGFORCE shareholders deposited stocks into CCASS, with a market value of HK$923 million, accounting for 4.89%. On February 21, MARKETINGFORCE announced a maximum placement of 20.1058 million shares, accounting for approximately 7.85% of the expanded share capital, priced at HK$60 per share, representing a discount of approximately 11.57% from the closing price of HK$67.85 on February 20. The company expects to raise approximately HK$1.202 billion from the placement, of which around 40% will be used for the development and commercialization of AI intelligent body applications; around 20% for investing in leading companies in domestic and foreign segmented tracks to supplement technological capabilities, product portfolios, and vertical industry expertise; around 10% for global expansion, particularly to support overseas product development and the construction of overseas commercialization channels; and around 30% for supplementing working capital and general corporate purposes.