BlockBeats News, September 16th, Hong Kong-listed company Yunfeng Financial announced a preferential placement of a total of 191 million new shares, with a placement price of 6.1 Hong Kong dollars per share, raising a total of approximately 1.17 billion Hong Kong dollars. The purpose of this placement is to expand the company’s shareholder base and capital, and increase the liquidity of the company’s shares in the market. The funds raised this time will be mainly used for the group’s system infrastructure upgrade, talent acquisition, and related capital requirements, including but not limited to launching comprehensive virtual asset trading services and virtual asset-related investment management services.
According to market information, Yunfeng Financial’s stock price opened low and continued to decline, falling by more than 12% during the day, and is currently trading at 6.43 Hong Kong dollars.
Previously reported, Yunfeng Financial announced that its wholly-owned securities subsidiary, Yunfeng Securities Limited, has obtained approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services.
