According to Foresight News, Derlin Holdings (stock code 01709) has announced the signing of a placement and subscription agreement on August 7 with DA Wolf, Mr. Chen, and a placement agent. Additionally, Derlin Holdings has entered into a special authorization subscription agreement with DA Wolf Investment I Limited. The total expected proceeds amount to approximately HKD 653.3 million.
The funds will be allocated across several strategic areas: around 30% will be used for strategic acquisitions and/or investments to expand the RWA tokenization plan; approximately 15% will be directed towards developing Bitcoin mining operations and establishing Bitcoin reserves; about 7% will be invested in establishing a licensed virtual asset over-the-counter trading and retail network in Hong Kong, along with applying for and upgrading relevant compliance licenses.
Furthermore, around 8% of the funds will be used to develop the group's digital asset, cryptocurrency, and stablecoin business; approximately 10% will be invested in the ONE Carmel premium residential project in the United States. Additionally, about 10% each will be allocated for upgrading IT facilities and systems, creating exchange-traded funds and developing quantitative investments, and supplementing the group's operational capital and daily operational support.
