Yunfeng Financial's share allocation raised approximately HK$1.17 billion to support the launch of a comprehensive virtual asset trading service

PANews reported on September 16 that according to Zhitong Finance, Yunfeng Finance (00376) announced that the company allocated and issued a total of 191 million new shares in the old first and then new way, with an allotment price of HK$6.1 per share, and raised a total of approximately HK$1.17 billion. This allotment is for the company to expand its shareholders and capital base and increase the liquidity of its shares in the market. This move will further enhance the Group's financial position to support future business development plans. The amount of funds collected this time is mainly used for the group's system facilities upgrade, talent recruitment and related capital needs, including but not limited to the launch of comprehensive virtual asset trading services and virtual asset-related investment management services. Previous news, Yunfeng Finance was approved by the Hong Kong Securities Regulatory Commission to provide virtual asset trading services.