Derlin Holdings plans to raise HK$956 million through a placement to support Bitcoin Mining and other businesses.

PANews, October 21 - According to an announcement from the Hong Kong Stock Exchange, Delin Holdings has announced a placement of 255 million shares in a manner of old shares first and new shares later, accounting for approximately 15.15% of the company's existing issued share capital and about 13.16% of the enlarged issued share capital. The shares are being offered at a discount of about 11.34% compared to the previous closing price of 3.44 HKD. It is reported that Delin Holdings has entered into a subscription agreement with the subscriber, Changqing Wealth Investment Limited, to allocate and issue up to 63.803 million new shares, with a total net proceeds of 956 million HKD to enhance Bitcoin mining and digital reserve business, as well as development and investment.