Hong Kong-listed company China Financial Leasing Group plans to raise HK$86.72 million to invest in the Web3 and AI sectors.

According to ChainCatcher, as per the announcement from the Hong Kong Stock Exchange, Hong Kong-listed company China Financial Leasing Group (2312) will raise funds through a general mandate by subscribing for new shares, issuing approximately 69.379 million shares and raising about HKD 86.724 million (with net proceeds of approximately HKD 86.474 million after deducting expenses). Of the proceeds, around HKD 81.474 million will be used to invest in listed and unlisted securities in the Web3 and/or artificial intelligence sectors, and about HKD 5 million will be used for general operating funds.

According to its subscription agreement, the company plans to focus on establishing a Crypto and AI digital asset investment platform within the group, investing in digital asset exchanges (including stablecoins, BTC, ETH, RWA, NFT, DEFI, Depin, and other new digital assets), as well as establishing a digital asset management platform. According to market data, as of the time of publication, the share price of China Financial Leasing Group Limited has risen by 5.47%, currently trading at HKD 1.35.