Dalian Holdings Group Raises HK$973 Million, with 56% Allocated to Bitcoin Mining

BlockBeats News, October 21st, Hong Kong-listed company Dalian Holdings Group (1709) announced that it has signed a placement and subscription agreement, expecting to raise approximately 973 million Hong Kong dollars. This time, 255 million shares will be placed and subscribed, and 63.8 million shares will be allocated to Evergreen Wealth Investment Limited at a placement price of 3.05 Hong Kong dollars per share, a discount of approximately 11.34% from the previous closing price.

The funds will be used for: 56% for Bitcoin mining expansion, 24% for the development of gold-backed RWA tokenization products, 10% for strategic investments, and 10% for working capital.

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