The Hong Kong-listed company China Financial Leasing Group plans to raise HKD 86.72 million to invest in the Web3 and AI sectors

ChainCatcher news, according to the announcement from the Hong Kong Stock Exchange, the Hong Kong-listed company China Financial Leasing Group (2312) will raise funds through a general mandate by subscribing for new shares, issuing approximately 69.379 million shares, and raising about HKD 86.724 million (net proceeds of approximately HKD 86.474 million after expenses). Of the proceeds, approximately HKD 81.474 million will be used to invest in listed and unlisted securities in the Web3 and/or artificial intelligence sectors, and approximately HKD 5 million will be used for general operating funds.

The subscription agreement indicates that the company intends to focus on establishing a Crypto and AI digital asset investment platform within the group, investing in digital asset exchanges (including stablecoins, BTC, ETH, RWA, NFT, DEFI, Depin, and other new digital assets), as well as establishing a digital asset management platform. According to market data, as of the time of writing, the stock price of China Financial Leasing Group Limited has risen by 5.47%, currently reported at HKD 1.35.