HK Stock Market Move | MOBILE GROUP (03738) rose more than 9% in early trading. The company issued convertible bonds, raising a net amount of approximately 2.3 billion. Institutions say it benefits from the increasing awareness of copyright protection in the AI industry.

VOBILE GROUP (03738) rose by over 9% in early trading, reaching a 7.37% increase to HKD 4.37 by the time of publication, with a trading volume of HKD 1.21 billion. In terms of news, VOBILE GROUP announced the issuance of HKD 234 million zero-coupon convertible bonds due in 2028 under general authorization. The net proceeds are approximately HKD 229 million, with a net issuance price of HKD 4.09 per share. The company plans to use 75% of the proceeds from the issuance of convertible bonds for investment purposes and 25% for general operational funding. UBS Securities pointed out that VOBILE GROUP is a leading global provider of digital asset and trading services. The company protects digital content assets based on its core patents for genetic digital fingerprinting and watermarking technologies. Overseas customer content penetration rates are increasing, domestic platform usage and content overseas expansion areas continue to expand, active involvement in the AIGC field is expected to bring incremental growth in the future. Guosen International believes that the strengthening of awareness in the artificial intelligence industry for content copyright protection will provide growth opportunities for the company in the future.