Delin Holdings plans to raise HKD 653.3 million to develop blockchain and other businesses

Delin Holdings (01709. HK) announced plans to raise approximately HKD 653.3 million through a placement and subscription agreement. The funds will be used in multiple areas, including RWA tokenization plan (30%), Bitcoin mining and reserves (15%), Hong Kong virtual asset business and license application (7%), digital asset and stablecoin business (8%), US residential project investment (10%), as well as information technology upgrades, ETF creation, quantitative investment, and daily operations.