Hong Kong Asia Holdings plans to raise HK$65 million, 90% of which will be used for Web3 investment and Bitcoin acquisition
On April 24th, Hong Kong-listed company Hong Asia Holdings announced that it plans to issue 13.12 million Hong Kong dollars of new shares and convertible bonds with a principal amount of 52.3776 million Hong Kong dollars, raising a total of approximately 65 million Hong Kong dollars. Approximately 57,769,518 Hong Kong dollars (about 90% of the net proceeds) will be used to capture potential investment opportunities in the future, explore cryptocurrency investments and opportunities in Web 3.0, and/or acquire digital assets such as bitcoin.
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