(Yicai Global) June 2 -- Chinese internet company NetEase is seeking to raise as much as HKD21.6 billion (USD2.8 billion) in its upcoming secondary listing in Hong Kong, according to the prospectus.

The games and advertising firm is planning to issue 171.5 million new shares, priced HKD126 (USD16.30) apiece, the Guangzhou-based company said in its filing today. The first trading day should be June 11.

Some 45 percent of the proceeds would be used to expand the firm's global reach and a similar amount to fuel content and technology innovation. The remainder should be saved for working capital needs and potential strategic investments and acquisitions.

NetEase's Nasdaq-listed equity price [NASDAQ: NTES] climbed 3.84 percent to USD397.59 yesterday. The stock price has risen nearly 8.4 percent since it revealed further listing plans in late May. Each of the company's American Depositary Share equals 25 ordinary shares, the filing added.

Editor: Emmi Laine