Ashurst advised Mobvista Inc. (HKEx: 1860) on the deal.
Mobvista Inc. (“Mobvista”, HKEx: 1860) placed 72,481,000 existing shares sold by the controlling shareholder at HK$5.90 per placing share and a HK$425.9 million top-up subscription by the controlling shareholder of 72,481,000 new shares.
The shares were successfully placed to existing shareholder GIC Private Limited, Singapore’s sovereign wealth fund with approximately US$488 billion assets under management. It is a significant strategic investment from GIC which demonstrate the strong growth potential in Mobvista.
Mobvista is a leading technology platform primarily engaged in mobile marketing, data analytics, creative automation, monetization, and elastic cloud cost optimization. Ashurst has also advised on Mobvista’s HK$1.28 billion listing on the Hong Kong Stock Exchange in 2018 and the issuance of US$30 million convertible bonds earlier this year.
The Ashurst team was led by partner Frank Bi (Picture), supported by Li Jiang, Albert Li and Vanessa Hung.
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