The company said it was reviewing the allegations and "considering the appropriate course of action to take to safeguard the interests of all shareholders."
Three cornerstone investors, headed by New China Capital Management, have subscribed for about $96.8 million worth of stock, which equates to 70.6% of the IPO, the filings showed.
Three Chinese firms, including AI software company Beijing Fourth Paradigm, are planning to raise a total of $280 million through initial public offerings (IPOs) in Hong Kong. Beijing Fourth Paradigm aims to raise $144 million by selling 18.4 million shares. New China Capital Management and other investors have subscribed for around $96.8 million worth of stock. Chinese cloud hospital platform Neusoft Xikang plans to raise $81 million to $101 million, while ZX Inc, a mobile games operator, aims to raise between $27 million and $34 million.
14.07.2023 - DOWNERS GROVE, IL / ACCESSWIRE / July 14, 2023 / IDGlobal Corp. (OTC:IDGC) IDGlobal Corp. is proud to announce the acquisition of QHP Corporation (www.qhp.ai) and provide the following Executive Summary: Leveraging AI-Enabled Business Optimization . Seite 1
Shares of artificial intelligence firms have helped lead an equity rally in the U.S. market this year after U.S. firm OpenAI, the owner of ChatGPT, a chatbot that gives strikingly human-like responses to user queries, snagged a multi-billion dollar investment from Microsoft Corp.