Hong Kong listed company DL Holdings plans to raise approximately 83 million USD to enhance its blockchain business

ChainCatcher news, Hong Kong-listed financial group DL Holdings announced that it will raise HKD 653.3 million (approximately USD 83.2 million) through a rights issue, focusing on the blockchain and crypto asset sectors, including RWA tokenization (30%), Bitcoin mining (15%), and digital asset license applications (7%).

The subscription price of HKD 2.95 represents a discount of about 4% compared to the market price on the announcement date. Following the announcement, the stock price fell by 8.4% on the same day. The shares being offered account for 13.58% of the issued share capital, and after completion, the major shareholder's stake will be diluted to 11.96%.