Xincheng Development agrees to issue shares to raise approximately HKD 50 million for the RWA sector
Jinse Finance reported that Xincheng Group announced on the Hong Kong Stock Exchange that the company has agreed to issue approximately 19 million shares to Blockchain Metaverse Academy at a price of HK$2.5845 per share. The subscribed shares account for about 0.27% of the enlarged issued share capital; the subscription price represents a premium of approximately 4.2% over the closing price of HK$2.48; the total proceeds amount to approximately HK$50 million. The funds raised will be used for strategic deployment in the field of Real World Asset (RWA) applications. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
This Energy Stock Proves That AI Data Center Demand Is Still Surging -- Barrons.com
Update: Transocean Shares Rise After $80 Million Drillship Contract for Work in Equatorial Guinea
Daily Roundup of Key US Economic Data for Sept. 15
LVMH drops 37% this year; once Europe's largest market cap stock, now out of the top ten
On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.
Crypto prices
More
