Summary
- Winfeng Financial said it would raise approximately KRW 200 billion through a share issuance.
- It said part of the funds raised will be used to launch a virtual asset trading service and a virtual asset investment management service.
- Winfeng Financial said it aims to build a Web3 financial services ecosystem through the convergence of traditional finance and blockchain technology.
Hong Kong-listed Winfeng Financial said on the 16th that it will raise HK$1.17 billion (about KRW 200 billion) through a share issuance, and that part of the proceeds will be used to launch a virtual asset (cryptocurrency) trading service.
Winfeng Financial plans to sell the new shares at HK$6.1 per share.
The funds raised will be used for system facility upgrades, talent recruitment, meeting capital needs, and other purposes. In particular, it will also launch a comprehensive virtual asset trading service and a virtual asset investment management service.
Winfeng Financial said, "We will build a global Web3 financial services ecosystem through the convergence of traditional finance and blockchain technology."
Uk Jin
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