Sensetime: plans to acquire the 4th floor to 26th floor of the West Building of Shanghai West Bund International Artificial Intelligence Center for 3.33 billion yuan

2022-05-04 0 By

On the evening of January 30, Sensetime announced on the Hong Kong Stock Exchange that on January 28, 2022 (after the trading session), Shanghai Sensetime, an indirect wholly-owned subsidiary of the company, entered into a legally binding agreement of intent with the seller and the seller’s parent company.Pursuant to the intent Agreement, Shanghai Sensetime agrees to purchase (or appoint its wholly-owned subsidiary to purchase) and the Vendor and the Vendor’s parent company agree to sell the Property for an estimated consideration of RMB 3,328,283,192 (equivalent to approximately HK $4,093,788,326).The property to be acquired is located at Lot 188N-W-1B, Unit WS5, South Extension of Huangpu River, Xuhui District, Shanghai, from floor 4 to floor 26, West Building, West Bund International Artificial Intelligence Center.