Marketingforce Management (HKG:2556) is looking to raise gross proceeds of HK$1.21 billion from the placement of 20,105,800 new shares to at least six investors at HK$60 apiece, a Friday Hong Kong filing with the Hong Kong bourse said.

The shares represent roughly 7.85% of the marketing and sales software solutions company's enlarged issued share capital.

The firm will use proceeds for the issue for the development and commercialization of AI agent platform application, potential investments, global expansion, and replenishing working capital.