ChainCatcher news, Hong Kong-listed company Hao Tian International issued an announcement that it previously raised a net amount of approximately HKD 492.5 millions through a special authorization for the placement of new shares, with the original plan as follows:
Progress of fund utilization: As of the date of the announcement, approximately HKD 135 millions have been used for operations and loan repayment; the remaining HKD 357.5 millions, originally planned for the development of the internet data center, have not yet been used.
Board decision: On September 3, 2025, it was decided that the remaining funds would be repurposed for the purchase of the cryptocurrency Ethereum, and it is expected that all funds will be used within one month.