Virtual Mind Completes HK$50.55M Share Placing for AI and Man United IP
Virtual Mind completed a placing of 100,000,000 new shares at HK$0.52 each, raising net proceeds of about HK$50.55 million. Funds will support development of an AI-enabled technology platform and expansion of its Manchester United sports IP business in apparel and online channels across mainland China, Hong Kong and Macau, including investments in a core technology team and Man United-branded product projects.