International Commercial Digital Technology Plans HK$99.72M Share Placement

According to the company’s official statement, the Hong Kong-listed firm will issue up to 28 million shares to fund technology upgrades, overseas virtual asset services expansion, and operational needs by 2027.

VIRTUAL

Summary

International Commercial Digital Technology has officially announced plans to place up to 28 million shares at HK$3.60 each, aiming to raise net proceeds of HK$99.72 million. The funds will be directed toward developing new technologies, expanding overseas virtual asset services, and supporting general corporate operations, with all targeted projects scheduled for completion by 2027.

Terms & Concepts
  • Virtual Asset Services: Business activities involving the exchange, transfer, or custody of cryptocurrencies and other digital assets.
  • Share Placement: An issuance of shares to selected investors, often at a discount, to raise capital for business purposes.