Shangtang Technology (00020.HK) is expected to raise 3.15 billion Hong Kong dollars for further expanding the scale of large equipment and increasing the localization ratio.

According to the financial app, on the morning of December 18th, SenseTime Technology (00020.HK) issued an announcement on the Hong Kong Stock Exchange, offering new Class B shares under general authorization. The company will offer 1.75 billion subscribed shares before December 18, 2025 (during the trading period of the Hong Kong Stock Exchange). The total amount of the offering is expected to be approximately 3.15 billion Hong Kong dollars. This offering has received active subscription from at least six institutions, reflecting strong confidence in the long-term value and development prospects of SenseTime Technology in the market.