$RWA
Jiufang Zhitou, a company listed on the Hong Kong Stock Exchange, has announced plans to issue up to 20 million shares at a price of HKD 39.25 per share. The offering is expected to raise approximately HKD 746 million in net proceeds.
The company plans to use the funds to:
Develop on-chain financial infrastructure
Make strategic investments in Real World Assets (RWA), digital asset exchanges, trust banks, and stablecoin operators
Build a core framework for digital asset trading and management
Launch digital asset investment services for retail clients and explore new advisory models
Supplement its working capital
With this move, Jiufang Zhitou aims to strengthen its presence in the digital asset space and expand its long-term capabilities in the Web3 financial ecosystem.