BlockBeats News, October 6th, according to an announcement from the Hong Kong Stock Exchange, the Hong Kong-listed company China Financial Leasing Group (2312) will finance itself through a general mandate to subscribe for new shares, issuing approximately 69.379 million shares, raising approximately HK$86.724 million (netting approximately HK$86.474 million after expenses). Of the proceeds, approximately HK$81.474 million will be used to invest in listed and unlisted securities in the Web3 and/or artificial intelligence sectors, and approximately HK$5 million will be used for general working capital.
The subscription agreement indicates that “the Company plans to establish a Crypto and AI digital asset investment platform within this Group, investing in digital asset exchanges (including stablecoins, BTC, ETH, RWA, NFT, DEFI, Depin, and other new digital assets), as well as establishing a digital asset management platform.”
According to market data, as of the time of writing, China Financial Leasing Group Limited’s stock price has risen by 5.47%, currently at HK$1.35.
