51World (06651.HK): Placing New H Shares Under General Mandate

NewTimeSpace · 2026/07/03 07:33 · By Boyuan Chen

NewTimeSpace News: On July 3, 51World announced that the Company has entered into a placing agreement with the placing agent. It proposes to place 5,465,600 new H shares at a placing price of HK$73.20 per share, with total gross proceeds expected to be approximately HK$400.1 million.

NewTimeSpace News: On July 3, 2026, 51World (06651.HK) announced the signing of a placing agreement with the placing agent. The Company intends to place 5,465,600 new H shares at HK$73.20 per share, representing approximately 1.4% of the existing issued H shares.

Total gross proceeds are estimated at around HK$400.1 million, with net proceeds of roughly HK$394.5 million. The Company plans to allocate the net proceeds as follows: 50% for infrastructure construction of physical AI factories, 30% for the research and development of the 51WORLD MODEL world model, and 20% for the large-scale commercial implementation of embodied intelligence.

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51WORLD 06651.HK