Loto Interactive Issues Convertible Bonds to Raise Approximately HK$273 Million to Support RWA Tokenization Framework Development

BlockBeats News, November 2nd. According to an announcement from the Hong Kong Stock Exchange, Hong Kong-listed company Lion Rock Group has announced that it will issue Mortgage-Backed Convertible Bonds due in 2026 to raise approximately HK$273 million (US$35 million). The company has entered into an agreement with the asset management firm LMR Partners to subscribe to the relevant bonds. The final net proceeds from the offering are approximately $33,565,000 (around HK$260,800,000), which will be used to support its development of a digital finance and Real World Asset (RWA) tokenization framework.