Xincheng Development agrees to issue shares to raise approximately HK$50 million for RWA field
Source: Htx
Time: 2025-09-01 08:41:12
Huobi HTX reported that Xincheng Group announced on the Hong Kong Stock Exchange that the company agreed to issue approximately 19 million shares to Blockchain Metaverse Academy at a price of HK$2.5845 per share. The subscribed shares account for approximately 0.27% of the expanded issued share capital; the subscription price is about 4.2% premium to the closing price of HK$2.48; the total amount of proceeds is approximately HK$50 million. The funds raised will be used for strategic deployment in real-world assets (RWA) applications. (Jin Shi)