TechFlow reports that on July 13, Zhipu (02513.HK) announced on the HKEX that the company previously disclosed its intention to place up to 19.78 million new H shares, which has now been completed on July 13, 2026. A total of 19.78 million new H shares were allocated and issued to no fewer than 6 placees at a placing price of HK$1,588 per share, accounting for approximately 4.25% of the total issued H shares after enlargement.
The gross proceeds from the placing are approximately HK$31.411 billion, and the net proceeds are approximately HK$31.375 billion, intended for AGI R&D, business expansion, and optimization of capital structure. (Jin10)
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