Youjia Innovation Launches HK$125M Placement at 15% Discount to Current Price

Youjia Innovation (02431) announced today that it will issue a maximum of 20.13 million new H shares at HK$6.23 per share, raising approximately HK$125 million. The placement price represents a 15% discount to today's closing price of HK$7.33, with the new shares accounting for 4.63% of the enlarged issued share capital.

Proceeds will primarily fund the development of autonomous vehicle and physical AI business operations, as well as upgrades to the company's foundational research and development platform.