Odaily Planet Daily News: Hong Kong-listed company Dingshi Capital (announced that the company plans to consolidate its shares on the basis of merging 20 existing shares into 1 share, and intends to issue up to 36.546 million rights shares at a subscription price of HK$1.66 per share, with an estimated total fundraising of approximately HK$60.7 million (before deducting expenses). If the rights shares are fully subscribed, the net fundraising amount after deducting expenses will be approximately HK$57.6 million.
The company plans to use the net proceeds in multiple areas, including approximately HK$5.3 million for potential acquisitions of companies related to virtual asset trading licenses, approximately HK$35 million for investments in margin financing services, approximately HK$15 million for investments in lending services, and approximately HK$2.3 million as general working capital. (Sina Finance)