The listed company in Hong Kong China Financial Leasing Group (2312) said it was planning to raise around $ 86.5 million in Hong Kong ($ 11.1 million), from which it will build an cryptocurrency investment platform.
China Financial will increase the capital through a new share subscription, issuing more than 69 million new shares at a price of $ 1.25 in Hong Kong each, according to a file with the Hong Kong Stock Exchange.
About 94% of the net products of the increase will be used for investment in company titles in various sectors, emphasizing the crypto and blockchain and artificial intelligence industries (AI).
The company added that it intended to focus on “the establishment of an investment platform in the digital assets of Crypto and AI”, in the announcement on Sunday.
Hong Kong was at the forefront of the courts by progressing their regulation of the cryptographic industry, having established plans in June to establish a regime to supervise exchanges, the guards, the stablecoins and other providers of digital assets.
China Financial jumped at around 34% on Monday, closing $ 1.72 in Hong Kong, compared to the Hang Seng index, closing 0.67% less.
