BRAINAURORA-B fell by 10% in the initial phase, with a 12% discount on the placement of new shares after the old ones

BRAINAURORA-B (06681.HK) opened down 6.3% this morning (23rd) and the decline expanded in the early stage, dropping as much as 12.1% to a low of HKD 5.6. It is currently reported at HKD 5.69, down 10.68%, with a trading volume of 99.84 million shares, involving HKD 560 million.

The company announced recently that it plans to place 92 million existing shares in a way that prioritizes old shares over new ones, with a price of HKD 5.6 per share, representing a discount of approximately 12.1% compared to the previous day's closing price, raising a net amount of about HKD 500 million, of which 50% will be used for research and development, including non-invasive brain-computer interface (BCI) intervention systems and multimodal large models