TechFlow news, September 3 — Haitian International Construction Investment Group Limited announced today that the board has resolved on September 3, 2025 to change the use of proceeds from its previous new share placement. According to the announcement, the company will reallocate approximately HK$35.75 million originally intended for developing an internet data center in Malaysia to purchase the cryptocurrency Ethereum. The company stated that due to the current economic environment and limitations in its existing financial resources, the group is unable to continue advancing the internet data center development plan, thus deciding to adjust the fund allocation. Previously, around HK$13.5 million had already been used as planned for general working capital and loan repayments. The company plans to fully allocate these funds to purchase Ethereum within one month.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
