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المشهد العربي
ZAI China stock declines on $5B fundraising plan
The stock of the Chinese company "ZAI" dropped by approximately 9.10% to reach 721 Hong Kong dollars (91.92 US dollars) after the company announced plans to raise 5 billion dollars through the issuance of new shares and convertible bonds, marking the second capital-raising operation within two months. The company aims to issue nearly 21.97 million shares at a price of 714 Hong Kong dollars per share, potentially raising about two billion dollars, in addition to issuing bonds worth 3 billion dollars aimed at developing upcoming artificial intelligence models.
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