On September 18, MARKETINGFORCE rose 5.31% in regular trading, trading at HK$53.55/share, with turnover of HK$176 million. The rally was driven by the company's announcement of a strategic share subscription to raise approximately HK$500 million for its Full-Stack Token Factory initiative.
According to the company's filing, MARKETINGFORCE entered into a subscription agreement with Frontier SPC-Asia Pacific Growth Fund SP to issue 9.83 million new shares at HK$50.85 per share, matching the September 17 closing price with no discount. Net proceeds of approximately HK$499.7 million will be fully allocated to expanding and optimizing the Full-Stack Token Factory, covering computing infrastructure, AI large model development, deployment, and inference optimization capabilities. The introduction of a strategic partner in the intelligent computing sector is expected to strengthen the company's computing supply chain stability and advance its computing-plus-scenario business strategy.
The fundraising is underpinned by robust fundamentals. In the first half of the year, MARKETINGFORCE reported revenue of RMB 1.96 billion, up 111.2% year-over-year, with net profit surging 466.1% to RMB 203 million. AI application business revenue reached RMB 1.13 billion, up 123.7%, while operating cash flow turned positive at RMB 500 million.
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