Hong Kong Asia Holdings plans to raise HK$65 million, 90% of which will be used for Web3 investment and Bitcoin acquisition
On April 24, Hong Kong-listed company Hong Kong Asia Holdings announced that it plans to issue new shares of HK$13.12 million and convertible stock bonds with a total principal amount of HK$52.3776 million, raising a total of approximately HK$65 million, including approximately HK$57,769,518 (accounting for approximately 90% of total net proceeds) will be used to capture 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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