Jiufang Zhitou Plans Share Placement to Boost Digital Asset Services

According to PANews, Hong Kong-listed company Jiufang Zhitou has announced plans to place up to 20 million shares at a price of HKD 39. 25 per share, as per a Hong Kong Stock Exchange announcement. The expected net proceeds from this placement are estimated to be HKD 746 million. The company intends to use these funds to develop on-chain financial resources and strategically invest in underlying RWA assets, digital asset exchanges, digital asset trust banks, and stablecoin operators source: https://www.binance.com/en/square/post/27006372467770?utm_source=BinanceNewsRSS