Shares in London-listed Chinese lottery supplier DJI Holdings were trading lower early Thursday after the company announced plans to raise up to £10.5m through a new share placement, which will be followed by a secondary listing on the NASDAQ stock exchange in the third quarter of the year.

The proceeds from the placement will be used to support a new partnership with Beijing NewNet Science & Technology Development Co. (NewNet) to supply a game technology platform and mobile payments to the mobile app of China’s national news agency, Xinhua.

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