Delin Holdings plans to raise HK$956 million in net proceeds from the placement of shares to support Bitcoin mining and other businesses

PANews reported on October 21 that according to an announcement from the Hong Kong Stock Exchange, Delin Holdings announced the allotment of 255 million shares on a first-in-first-out basis, accounting for approximately 15.15% of the company’s existing issued share capital and approximately 13.16% of the expanded issued share capital. The shares discounted approximately 11.34% from the previous closing price of 3.44 yuan. It is reported that Delin Holdings has entered into a subscription agreement with the subscriber Evergreen Wealth Investment Co., Ltd. to allot and issue up to 63.803 million new shares to it, with the total net proceeds reaching HK$956 million, which will be used to enhance Bitcoin mining and digital reserve business, development and investment.
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