HK Stock Market Move | C.BANNER(01028) up more than 78% during the trading session; The company plans to raise nearly 100 million Hong Kong dollars for business upgrades and artificial intelligence exploration.

C.BANNER (01028) surged more than 78% in midday trading, as of the time of writing, it was up 64.63% at HK$0.405, with a turnover of HK$112.94 million. In terms of news, C.BANNER announced its intention to raise approximately HK$96 million through a general mandate issuance of subscription shares and warrants. The group is a leading international integrated retailer and wholesaler of upscale and casual women's footwear in China. The funds raised will be used to optimize retail networks and distribution channels, drive digital transformation and artificial intelligence exploration, and for general corporate purposes.