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Hong Kong-listed company Delin Holdings plans to raise HK$6.533 billion, focusing on blockchain and virtual asset business development
Summary: According to reports, Delin Holdings (01709.HK) announced that it has signed subscription and subscription agreements with DA Wolf and others, as well as a special authorization subscription agreement with DA Wolf Investment I Limited, with an expected total financing amount of approximately HK$6.533 billion. The funds will be primarily used to expand blockchain and virtual ...
According to reports, Delin Holdings (01709.HK) announced that it has signed subscription and subscription agreements with DA Wolf and others, as well as a special authorization subscription agreement with DA Wolf Investment I Limited, with an expected total financing amount of approximately HK$6.533 billion.
The funds will be primarily used to expand blockchain and virtual asset businesses, including: approximately 30% for strategic acquisitions and investments, expanding the RWA tokenization plan; 15% for developing Bitcoin mining and establishing a Bitcoin reserve; 7% for establishing licensed virtual asset over-the-counter trading and retail networks in Hong Kong; 8% for developing digital assets, cryptocurrencies, and stablecoin businesses; 10% for investment in the high-end residential project ONE Carmel in the United States; and another 10% each for IT infrastructure upgrades, ETF creation and quantitative investment, and group operational fund supplementation, respectively.
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Link: Hong Kong-listed company Delin Holdings plans to raise HK$6.533 billion, focusing on blockchain and virtual asset business development [Copy]
