TechFlow, July 16 — According to a Hong Kong Stock Exchange announcement, Jiu Fang Zhi Tou (9636.HK), a listed company on the Hong Kong stock exchange, announced plans to place up to 20 million shares at HK$39.25 per share, expecting net proceeds of approximately HK$746 million.
The funds will primarily be used to develop a blockchain-based financial ecosystem, including strategic investments in RWA underlying assets, digital asset exchanges, digital asset trust banks, and stablecoin operating entities.
In addition, Jiu Fang Zhi Tou plans to build underlying infrastructure for digital asset trading and asset management, develop digital asset investment services for retail clients, explore new models of digital asset advisory services, and supplement the company's working capital.
