"Botai Carlink (02889.HK) raised a net amount of 3.82 billion Hong Kong dollars in a share placement, with 80% of the funds invested in the integration of AI and chip industry chains."

Zhitong Finance and Economics APP learned that on June 17, Botai Car Network (02889.HK) announced that the company plans to issue approximately 2.2593 million new H shares through a private placement, raising net proceeds of approximately HK$382 million. The funds will be mainly used to support the company's long-term strategic development, with approximately 80% earmarked for potential strategic mergers and acquisitions in the future, and the remaining approximately 20% for supplementing working capital and general corporate purposes.