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Derlin Holdings plans to raise a total of HKD 653 million through a placement, with the proceeds to be used for expanding the RWA tokenization program and establishing Bitcoin reserves.
According to Techub News, the board of directors of Delin Holdings, a listed company in Hong Kong, has announced that it has established a placement and subscription agreement and a special authorization subscription agreement, expecting to raise a total of approximately HKD 653.3 million. Among them, about 30% will be used to support the Group's strategic acquisitions and/or investments, as well as to expand the RWA tokenization plan; about 15% will be used to develop Bitcoin mining business and establish Bitcoin reserves; about 7% will be used to establish a licensed virtual asset OTC trading and retail network in Hong Kong, as well as to apply for and upgrade compliance licenses for virtual asset-related businesses in Hong Kong and other jurisdictions; about 8% will be used to further develop the Group's digital assets, crypto assets, and stablecoin-related business plans, independently hiring blockchain experts to research and develop related systems and interfaces, or through the establishment of strategic joint ventures with globally renowned industry market participants.