China Financial Leasing Group to Raise Funds for Web3 and AI Investments

According to Foresight News, the Hong Kong Stock Exchange has announced that China Financial Leasing Group (2312) will raise funds through a general mandate by issuing approximately 69.379 million new shares. The company aims to raise about HKD 86.724 million, with net proceeds expected to be around HKD 86.474 million after expenses. The company plans to allocate approximately HKD 81.474 million of the funds to invest in listed and unlisted securities within the Web3 and artificial intelligence sectors. An additional HKD 5 million will be used for general operational expenses. The subscription agreement indicates that the company intends to focus on establishing a digital asset investment platform within the group, targeting investments in digital asset exchanges, including stablecoins, BTC, ETH, RWA, NFT, DEFI, Depin, and other emerging digital assets. Additionally, the company plans to develop a digital asset management platform. As of the time of reporting, the stock price of China Financial Leasing Group Limited has risen by 5.47%, currently trading at HKD 1.35.