Hong Kong Asia Holdings plans to raise HKD 65 million, with 90% allocated for Web3 investments and Bitcoin acquisitions

ChainCatcher news, Hong Kong listed company Hongya Holdings announced that it plans to issue 13.12 million HKD in new shares and convertible bonds with a total principal amount of 52.3776 million HKD, raising approximately 65 million HKD in total.

Of this, approximately 57,769,518 HKD (about 90% of the net proceeds) will be used to capture potential investment opportunities that may arise in the future, to explore cryptocurrency investments and opportunities in Web 3.0, and/or for the acquisition of digital assets such as Bitcoin.