Hongkong Asia Holdings plans to raise HK$65 million, with 90% to be used for Web 3.0 investment and Bitcoin acquisition
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April 24 news, Hong Kong-listed company Hongkong Asia Holdings announced plans to issue new shares worth HK$13.12 million and convertible bonds with a total principal amount of HK$52.3776 million, raising a total of approximately HK$65 million. About HK$57,769,518 (approximately 90% of the net proceeds) will be used to seize potential investment opportunities that may arise in the future, to explore cryptocurrency investments and opportunities in Web 3.0, and/or to acquire digital assets such as Bitcoin.
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