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Hong Kong-listed company DL Holdings plans to raise approximately $83 million for blockchain business expansion
Summary: According to reports from The Block, Hong Kong-listed financial services group DL Holdings saw its stock price drop by over 8% on Thursday after announcing plans to raise approximately 6.533 billion Hong Kong dollars (about $83.2 million) through a rights issue to fund the development of its blockchain business. Documents submitted to the Hong Kong ...
According to reports from The Block, Hong Kong-listed financial services group DL Holdings saw its stock price drop by over 8% on Thursday after announcing plans to raise approximately 6.533 billion Hong Kong dollars (about $83.2 million) through a rights issue to fund the development of its blockchain business.
Documents submitted to the Hong Kong Stock Exchange by the company show that DL Holdings has entered into subscription and subscription agreements, with selling shareholders selling shares to at least six buyers at a price of HK$2.95 per share, followed by an immediate repurchase of the same number of new shares by the company at the same price.
The sale of shares represents approximately 13.58% of the company's current issued share capital, which will decrease to around 11.96% after the issuance of new shares is completed.
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