Clifford Chance advises on two successful new share placements for China’s tech companies in Hong Kong, raising over HK$3 billion

Global law firm Clifford Chance has advised on two successful new share placements on the Main Board of the Hong Kong Stock Exchange. The firm advised:

• SenseTime Group Inc., a leading AI company in China, successfully placed 1,666,667,000 new Class B shares, representing approximately 4.38% of the number of issued Class B shares and raising approximately HK$2.5 billion.
• InnoScience (Suzhou) Technology Holding Co., Ltd., the world’s largest Gallium Nitride power semiconductor manufacturer, successfully placed 13,584,000 new H Shares, representing approximately 2.69% of the H Shares issued, and raised approximately HK$544 million.