Haotian International Construction Investment Group Co., Ltd. Changes Fund Usage, Plans to Purchase Ethereum

Foresight News reports, according to an announcement by Haotian International Construction Investment Group Co., Ltd., based on the net proceeds of approximately HK$49.25 million from the specially authorized placement of new shares, 72.66% will be used for developing an internet data center in Malaysia, 15.68% for general operating funds, and 11.66% for loan repayment. As of the announcement date, approximately HK$13.5 million has been used for general operating funds and loan repayment, with the remaining net proceeds of approximately HK$35.75 million yet to be utilized. The Board of Directors resolved on September 3, 2025, to change the usage of the remaining funds to purchase the cryptocurrency Ethereum ($ETH), with plans to fully utilize the funds within one month.