International Business Settlement plans to issue $500 million in shares and invest HK$450 million in the Web3 sector
Foresight News reported that, according to an announcement by the Hong Kong Stock Exchange, Hong Kong-listed company International Business Settlement Holdings Limited (0147.HK) has announced the placement and issuance of subscription shares with a par value of approximately 500 million US dollars. Of this, up to about 450 million Hong Kong dollars will be used for potential investment opportunities, particularly in cryptocurrency-related businesses and the Web 3.0 sector.
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
Wall Street veteran who warned of previous financial crises sounds the bubble alarm: US stock valuations, leverage, and positions are at their most extreme levels in 40 years of industry experience.
David Rosenberg has warned that this is the most tense market in his 40-year career.
Japanese stocks closed down 0.05%, marking five consecutive losses.
Morgan Stanley raises Unity's target price to $55
Timmer: Investment Clock Hits ‘Past Midnight’ Zone Seen Before 2018, 2022 Slumps
Crypto prices
More
