m88 casino Advises on XtalPi Holdings’ Second New Share Placement in 2025
2025.03.04
m88 casino acted as the PRC legal counsel to the placement agent in the new share placement by XtalPi Holdings Limited (HKEX: 2228). A total of 342 million new shares were issued, with net proceeds of approximately HK$ 2.088 billion (USD 268 million). This is twice the amount of funds raised in its IPO, making it one of the largest new share placements in Hong Kong in the past year.
With the rapid development of large domestic AI models this year, market sentiment has been boosted in the AI industry, and AI+Healthcare and AI+New Materials have promising prospects. The m88 casino team advised on XtalPi Holdings’ new share placement throughout the entire process, assisted the placement agent in conducting legal due diligence, and closely cooperated with the other intermediaries to prepare and issue the complete set of legal documents for the filing of the overseas share issuance by an overseas-listed enterprise with the China Securities Regulatory Commission.
Partners, M88 app 并于2003年获法学硕士学位。,职业资格, M88 game APK 张建伟律师为君合深圳办公室管理合伙人andm88 casino review 旨在充分利用公开募捐平台优势led the m88 casino team, and partnerm88 casino review 2003年获得法学硕士学位provided support for the m88 casinoternal control matters.
XtalPi Holdings is the first company to list on the Hong Kong Stock Exchange under the new Chapter 18C rules for specialist technology companies. m88 casino acted as the PRC legal counsel to the sole sponsor and underwriter in the initial public offering and listing of XtalPi Holdings and also acted as the PRC legal counsel to the placement agent in its first new share placement by the company (in January 2025) following its IPO.
