Hong Kong-listed company DL Holdings plans to raise approximately $83 million to expand its blockchain business
According to ChainCatcher, Hong Kong-listed financial group DL Holdings has announced a fundraising of HKD 653.3 million (approximately USD 83.2 million) through a share placement, with a focus on investing in the blockchain and crypto asset sectors. Key areas include RWA tokenization (30%), Bitcoin mining (15%), and digital asset license applications (7%).
The placement price of HKD 2.95 per share represents a discount of about 4% compared to the market price on the announcement date. Following the news, the stock price dropped by 8.4% on the same day. The placement shares account for 13.58% of the issued share capital, and upon completion, the major shareholder’s stake will be diluted to 11.96%.
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