Ding Shi Capital plans to raise HKD 60.7 million through a rights issue, of which HKD 5.3 million will be used to apply for a Crypto Assets trading license, among other things.

PANews, June 11 - Hong Kong listed company Dingshi Capital announced that the company plans to consolidate its shares on a Benchmark of merging every 20 existing shares into 1 share, and intends to issue subscription shares at a price of HKD 1.66 per share based on a Benchmark of receiving 3 subscription shares for every 2 shares consolidated, for a maximum issuance of 36.546 million subscription shares, with an expected total fundraising of approximately HKD 60.7 million (before expenses). If the subscription is fully subscribed, the net fundraising amount after expenses is expected to be around HKD 57.6 million. The Company plans to use the net proceeds in a number of areas, including approximately HK$5.3 million for the potential acquisition of virtual asset trading license-related companies, approximately HK$35 million for investment margin financing services, approximately HK$15 million for investment lending services, and approximately HK$2.3 million for general working capital.