Hong Kong-listed leasing group seeks to raise 11 million dollars to build a crypto asset investment platform
Summary
- China Financial Leasing Group said it will raise about 11 million dollars to build a crypto asset and artificial intelligence investment platform.
- The new share issuance is targeted at Innoval Capital, an investment firm registered in the Virgin Islands, and is said to be about 20% of the existing issued shares.
- The funds will be invested in stablecoins, Bitcoin (BTC), Ethereum (ETH), real-world assets (RWA), non-fungible tokens (NFT), and other various crypto asset-related businesses.
China Financial Leasing Group, listed on the Hong Kong Stock Exchange, said it will raise about 11 million dollars to build a crypto asset (cryptocurrency) and artificial intelligence (AI) investment platform.
According to CoinDesk on the 6th (local time), the leasing group entered into a contract to issue 69.38 million new shares at 1.25 Hong Kong dollars per share to Innoval Capital, an investment firm registered in the Virgin Islands. The deal represents about 20% of the existing issued shares.
The company said, "The funds raised will be used to establish an in-group crypto asset investment platform and invest in various crypto asset-related businesses, including stablecoins, Bitcoin (BTC) and Ethereum (ETH), real-world assets (RWA), and non-fungible tokens (NFT). We also plan to build a digital asset management platform in the future."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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