Jiufang Investment's share allotment aims to bolster its digital asset initiatives, including investment in RWA assets and digital asset services.
Jiufang Investment announced plans to allot up to 20 million shares at HK$39.25 each, targeting net proceeds of HK$746 million. The funds will be allocated to developing on-chain financial resources and strategically investing in real-world asset (RWA) assets, digital asset exchanges, and stablecoin operations. The company will also focus on deploying digital asset services and building the architecture for digital asset transactions and asset management, utilizing an "AI+research" strategy to enhance its digital asset investment models.