SenseTime Postpones Hong Kong IPO, Plans Updated Prospectus
- Chinese AI firm working to update IPO listing documents
- U.S. sanctioned company for alleged role in Uyghur oppression
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Chinese artificial intelligence firm SenseTime Group Inc. said it remains committed to completing its initial public offering after postponing the Hong Kong listing to update its prospectus with new U.S. sanctions on the company.
SenseTime will issue refunds to retail investors as it works to publish a supplemental prospectus with an updated listing timetable and other relevant information, it said in a statement to the Hong Kong exchange.