Black Sesame Intelligence Terminates Share Placement to Wuji Capital; CITIC and Huatai Exit Placement Transaction

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Caixin.com Black Sesame Intelligence (02533.HK) announced on the morning of March 19, 2026, that it plans to issue 33,544,600 shares to Infini Capital. The placement agent has notified the company that the subscription has been terminated, and all parties have signed a termination agreement on March 18.

The aforementioned share placement announcement released by Black Sesame Intelligence on March 10 listed two Chinese securities firms as placement agents: China International Capital Corporation (CICC) and Huatai International.

The termination of the placement may be related to a joint operation called “Fuse” conducted by the Hong Kong Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) from March 10 to 11. The operation aims to combat insider trading and corruption related to share placements. The hedge fund suspected to be involved is Infini Capital, founded by Tony Chin in 2015. (See “Financial News | After Rapid Rise, Hong Kong Anti-Corruption Investigation Uncovers Infini Capital and Its Mysterious Founder”)

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