Delin Holdings announced a press release detailing a HK$653.3 million raise, with allocations of approximately 30% for acquisitions, 15% for Bitcoin initiatives, and other percentages for digital asset expansion, IT upgrades, and ETF development.
Delin Holdings (01709.HK) announced on August 7 that it entered into a placing and subscription agreement with key parties, raising approximately HK$653.3 million. The net proceeds will be allocated approximately as follows: 30% for strategic acquisitions and RWA tokenisation expansion; 15% for developing Bitcoin mining operations and building Bitcoin reserves; 7% for establishing a licensed virtual asset trading and retail network and upgrading compliance licenses; 8% for further developing its digital asset, cryptocurrency and stablecoin business through blockchain research or joint ventures; 10% for investing in the ONE Carmel premium residential project in the USA; 10% for IT facilities and system upgrades; 10% for creating ETF products and developing quantitative investing capabilities; and 10% to supplement working capital.