TechFlow, on August 29, according to Zhitong Finance News, Jingtai Holdings announced that it has entered into a placement agreement with placing agents to place up to approximately 286 million new shares. According to the announcement, in addition to being used for company operations, product research and development, and acquisitions, the proceeds will also explore the application of innovative financial instruments such as RWA (real-world assets) and RDA (real data assets) to develop new blockchain businesses.
On the same day, Jingtai Holdings announced the successful completion of pricing for a placement of 2.65 billion Hong Kong dollars worth of new shares, completing the entire process from bookbuilding to pricing in less than one trading day. The placement price was set at HK$9.28 per share, representing a premium of approximately 75.8% over the IPO offering price and a premium of approximately 23.4% over the average closing price of the last 30 trading days.
