Delin Holdings announces a share issuance agreement to raise approximately 653 million HKD for various strategic objectives.
The company plans to use the raised funds for expanding activities in the real asset and cryptocurrency sectors, developing Bitcoin mining, upgrading technology systems, along with real estate and financial investments.
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Delin Holdings signed an agreement to issue shares with a total estimated capital of 653.3 million HKD.
The capital source is used for diverse objectives from developing real assets, cryptocurrency to upgrading technology and investing in real estate.
Detailed capital allocation for Bitcoin mining, digital asset trading networks, ETFs, and working capital to support operations.
How has Delin Holdings implemented its capital raising agreement?
Delin Holdings signed the share issuance and subscription agreement on August 7, prior to trading hours, with stakeholders including the company, sellers, and subscribing institutions.
The agreement includes issuing shares under a special authorization with DA Wolf Investment I Limited, fully owned by the controlling shareholder, Mr. Chen Ningdi. The total expected capital raised is approximately 653.3 million HKD.
This capital raising reflects a commitment to expand investments to reinforce the group's multi-sector development strategy, laying the groundwork for long-term plans regarding real assets and cryptocurrencies.
How does Delin Holdings plan to use the raised funds?
The company plans to allocate capital to eight different strategic targets, each corresponding to a specific percentage of the total raised capital.
Specifically, about 30% will be used to support strategic acquisitions and expand the real asset tokenization program (RWA). Next, 15% is allocated for developing Bitcoin mining and building Bitcoin reserves. 7% aims to establish a digital asset trading network and upgrade digital asset business licenses in Hong Kong and other regions.
Remaining investments focus on developing a cryptocurrency and stablecoin business plan (8%), investing in high-end real estate projects in the US (10%), upgrading IT systems (10%), developing ETF funds and quantitative investments (10%), along with the remaining 10% of capital to supplement working capital for daily operations.
"We see expanding capabilities in the cryptocurrency and real asset sectors as a top priority to maintain competitive positioning and drive innovation."
Mr. Chen Ningdi, controlling shareholder of Delin Holdings, August 7, 2024.
How does Delin Holdings' diversified investments impact its development strategy?
Allocating capital for Bitcoin mining helps Delin Holdings take advantage of the growth trend in the cryptocurrency market while building a high-value digital asset reserve.
Investing in high-end real estate in Silicon Valley supports expanding networks and implementing artificial intelligence initiatives, contributing to enhancing competitive capacity in the international market.
Upgrading IT systems and developing ETF funds helps the company increase its ability to offer diverse financial products, optimizing management operations and expanding market reach.
What plans does Delin Holdings have for developing digital asset businesses in Hong Kong?
The company will use about 7% of the capital to build a licensed OTC and retail digital asset trading network in Hong Kong, while upgrading related licenses.
This move aims to meet increasingly stringent legal requirements while enhancing trust and customer experience in the digital asset sector.
What are the benefits of investing in ETFs and quantitative investment forms?
With 10% of the investment in developing ETF funds and quantitative investments, Delin Holdings expects to expand financial products, attracting professional and individual investors interested in effective investment solutions.
This investment helps the company apply algorithms in portfolio management, reducing risks and enhancing investment performance in the current volatile financial market.
Frequently Asked Questions
What is the value of Delin Holdings' share issuance agreement?
The total expected capital raised is approximately 653.3 million HKD according to the share issuance agreement and special authorization signed on August 7, 2024.
What main purposes will the raised capital be used for?
Investing in strategic acquisitions, Bitcoin mining, developing a digital asset network, real estate in the US, upgrading technology, ETF funds, and supplementing working capital.
What is the function of the digital asset trading network in Hong Kong?
Establishing legal OTC and retail digital asset trading operations while ensuring compliance with current licensing regulations.
How does investing in real estate projects benefit the corporation?
Enhancing presence in Silicon Valley, developing AI and real asset projects to diversify revenue sources and increase growth potential.
How does the development of ETFs affect the company's investment strategy?
Expanding financial products, applying quantitative investment strategies to increase efficiency and minimize risks in the portfolio.
Source: https://tintucbitcoin.com/delin-holdings-goi-von-6533-trieu-hkd/
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