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Hong Kong Asia Holdings plans to raise HKD 65 million, 90% of which will be used for Web3 investments and Bitcoin acquisition.
According to Foresight News, Hong Kong listed company Hong Ya Holdings announced its plan to issue 13.12 million Hong Kong dollars in new shares and convertible bonds with a total principal amount of 52.3776 million Hong Kong dollars, raising approximately 65 million Hong Kong dollars in total. About 57,769,518 Hong Kong dollars (approximately 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.