Core Viewpoint - Derlin Holdings (01709.HK) plans to raise approximately HKD 973 million through a combination of existing share placement and directed new share issuance, with Antalpha-related parties becoming strategic shareholders after investing HKD 200 million [1][2] Fundraising Plan - The fundraising will be executed in two steps: first, the placement of 255 million existing shares at HKD 3.05 per share to at least six independent subscribers, followed by a subscription agreement with Evergreen Wealth Investment Limited for up to 63.83 million new shares at the same price [1][2] Use of Proceeds - The net proceeds from the fundraising, estimated at HKD 956 million after expenses, will be allocated as follows: approximately 56% for expanding Bitcoin mining and digital reserve operations, 24% for developing and tokenizing Real World Assets (RWA) products, 10% for strategic and diversified investments, and 10% for general working capital [2] Share Pricing - The subscription price of HKD 3.05 per share represents a discount of about 11.34% compared to the last closing price of HKD 3.44 and a discount of approximately 4.98% compared to the average closing price of HKD 3.21 over the last five trading days [2] Strategic Partnership - Antalpha, a Nasdaq-listed fintech company and a key financial enabler in the Bitcoin mining ecosystem, has entered into a strategic partnership with Derlin Holdings, which has made substantial progress in its strategic business segments, including the procurement and deployment of high-performance mining machines [2]

Core Viewpoint - Delin Holdings Group (1709) has announced a fundraising plan through a placement and subscription agreement, aiming to raise approximately HKD 973 million [1] Group 1: Fundraising Details - The company plans to place and subscribe for a total of 255 million shares, with 63.8 million shares allocated to Evergreen Wealth Investment Limited [1] - The placement price is set at HKD 3.05 per share, representing a discount of about 11.34% compared to the last closing price [1] Group 2: Use of Proceeds - 56% of the funds will be allocated to the expansion of Bitcoin mining operations [1] - 24% will be used for the development of gold-related RWA tokenization products [1] - 10% is designated for strategic investments, while the remaining 10% will be used for working capital [1]

Market Performance Summary - Sinopec Oilfield Service (01033) rose over 12% as the company continues to advance its overseas strategy, with new contract signings increasing by over 70% in the first half of the year [1] - China Hongqiao Group (00931) fell over 13% after a significant 55% surge the previous day, with ongoing discussions regarding potential investments [1] - BYD Electronic (00285) increased over 4% as the company is set to supply power components for NVIDIA's new 800VDC AI server architecture [1] - Horizon Robotics-W (09660) rose over 6% as its HSD technology was first adopted by the ET5 model, with multiple automakers already confirming orders [1] - Bilibili-W (09626) increased over 10% due to strong performance of new games, indicating a gradual release of its commercial value [1] - CRRC Corporation (01766) rose nearly 4% ahead of its third-quarter earnings report, with expectations for continued growth in new train procurement and maintenance [1] - Genscript Biotech (01952) rose over 5% as its EVM14 treatment for squamous cell carcinoma addresses critical clinical needs, leading in clinical development progress [1] - Bosideng (03998) increased nearly 6% following the appointment of renowned British designer Kim Jones as the creative director for its new AREAL high-end urban line [1] - Derin Holdings (01709) fell over 11% after announcing a discounted placement of shares to raise funds for expanding Bitcoin mining operations [1] US Market Highlights - TSMC (TSM.US) rose 0.89% as the first NVIDIA Blackwell wafers were recently produced in the US [3] - Pony.ai (PONY.US) increased 1.76% after partnering with Stellantis for autonomous vehicle solutions [3] - WeRide (WRD.US) rose 2.67% after successfully passing the Hong Kong Stock Exchange hearing, positioning itself to become the first "Robotaxi" stock in Hong Kong [3] - Zeekr (ZK.US) increased 4.48% as pre-sales for the refreshed Zeekr 7X officially began, offering significant pre-sale benefits [3] - iQIYI (IQ.US) rose 8.37% as Morgan Stanley upgraded its target price, citing the long-term growth potential of the domestic IP merchandise market [3] - Taoping (TAOP.US) increased 4.27% after announcing a non-binding letter of intent to acquire 100% of Alphalion Holding Limited [3] - Micron Technology (MU.US) rose 2.17% as several major firms raised their target prices for the company [4] - U.S. Antimony Corporation (UAMY.US) surged 20.02% following its proposal to acquire Larvotto Resources to enhance its critical mineral asset portfolio [4] - Apple (AAPL.US) rose 3.94% as a report indicated strong early sales of the iPhone 17 series in China and the U.S. [4] - Moderna (MRNA.US) increased 4.73% after presenting positive data on its mRNA vaccine pipeline at the IDWeek 2025 conference [4]

Core Viewpoint - Derin Holdings (1709.HK) experienced a decline of 8.72%, opening at HKD 3.14 following the announcement of a rights issue at a discounted price [1] Group 1: Rights Issue Details - The company announced a rights issue using a "first old, then new" method, offering shares at HKD 3.05, which represents a discount of 11.34% compared to the previous closing price [1] - Approximately 15.15% of the existing issued share capital will be allocated for this rights issue, along with the issuance of 63.83 million new shares, accounting for about 3.18% of the enlarged issued share capital [1] Group 2: Use of Proceeds - The total expected proceeds from the rights issue amount to HKD 973 million [1] - Approximately 56% of the funds will be allocated to expanding Bitcoin mining and digital reserve operations [1] - About 24% will be used for the development and tokenization of Real World Assets (RWA) products [1] - Approximately 10% is earmarked for strategic and diversified investments, while another 10% will be used for general working capital [1]

Core Viewpoint - Derlin Holdings (01709) experienced a decline of over 9%, with a current drop of 8.14%, trading at HKD 3.16, and a transaction volume of HKD 905 million [1] Group 1: Share Placement and Subscription Agreement - Derlin Holdings announced a placement and subscription agreement, where the seller (DA Wolf and Chen Ningdi) agreed to sell shares at a placement price of HKD 3.05 per share, which represents an approximate discount of 11.34% compared to the closing price of HKD 3.44 on October 20, 2025 [1] - The estimated net proceeds from the subscription are expected to be around HKD 761 million after deducting all related costs and expenses [1] - The estimated net subscription price per share is approximately HKD 2.98 after accounting for expenses [1] Group 2: Use of Proceeds - The net proceeds from the subscription and placement are intended for expanding Bitcoin mining and digital reserve business, developing and tokenizing RWA products, strategic and diversified investments, and general working capital [2]

Core Viewpoint - Derin Holdings (01709) experienced a decline of over 9%, with a current drop of 8.14%, trading at HKD 3.16, and a transaction volume of HKD 905 million [1] Group 1: Share Placement and Subscription Agreement - Derin Holdings announced a placement and subscription agreement, where the seller (DA Wolf and Chen Ningdi) agreed to sell shares at a placement price of HKD 3.05 per share, which represents an approximate discount of 11.34% compared to the closing price of HKD 3.44 on October 20, 2025 [1] - The estimated net proceeds from the subscription are expected to be around HKD 761 million after deducting all related costs and expenses [1] - The estimated net subscription price per share is approximately HKD 2.98 after accounting for the associated costs [1] Group 2: Use of Proceeds - The net proceeds from the subscription and placement are intended to be used for expanding Bitcoin mining and digital reserve businesses, developing and tokenizing RWA products, strategic and diversified investments, and general working capital [2]

Core Viewpoint - Derin Holdings (1709.HK) announced a rights issue at a price of HKD 3.05 per share, representing a discount of 11.34% to the last closing price, aiming to raise a total of HKD 973 million for various business expansions and investments [1] Group 1: Rights Issue Details - The company will issue existing shares amounting to approximately 15.15% of the current issued share capital and will also issue 63.83 million new shares, which will account for about 3.18% of the enlarged issued share capital [1] - The subscription price of HKD 3.05 per share reflects an 11.34% discount compared to the previous day's closing price [1] Group 2: Use of Proceeds - Approximately 56% of the raised funds will be allocated to expanding Bitcoin mining and digital reserve operations [1] - About 24% will be used for the development and tokenization of Real World Assets (RWA) products [1] - Approximately 10% will be directed towards strategic and diversified investments, with another 10% allocated for general working capital [1]

德林控股计划通过两份股份认购协议筹集9.73亿港元，一份协议是将按每股3.05港元发行2.552亿股，第 二份协议是将按每股3.05港元发行最多6380万股。 ...

Core Viewpoint - 德林控股 plans to conduct a placement and subscription agreement, selling shares at a price of HKD 3.05 per share, which represents an approximate discount of 11.34% compared to the closing price of HKD 3.44 on October 20, 2025 [1][3] Group 1: Placement and Subscription Details - The placement involves selling shares to at least six subscribers, with the total number of shares to be issued being approximately 13.16% of the enlarged issued share capital post-transaction [1] - The estimated net proceeds from the subscription are expected to be around HKD 761 million, with a net subscription price of approximately HKD 2.98 per share after deducting related costs [2] - The maximum number of subscription shares is 63.83 million, accounting for about 3.65% of the enlarged issued share capital post-transaction [3] Group 2: Use of Proceeds - Approximately 56% of the net proceeds will be allocated to expanding Bitcoin mining and digital reserve businesses, focusing on acquiring and optimizing efficient Bitcoin mining machines [5] - About 24% of the net proceeds will be used for the development and tokenization of Real World Asset (RWA) products, particularly within the XAU₮ ecosystem for gold-backed digital assets [5] - The company plans to allocate 10% of the net proceeds for strategic and diversified investment opportunities, including potential investments in the ONE Carmel premium residential project [5] - The remaining 10% will be used for general working capital, covering operational and administrative expenses, rent, and employee costs to support business expansion and governance compliance [5]

Core Viewpoint - Derin Holdings (01709) has announced a placement and subscription agreement, involving the sale of shares at a price of HKD 3.05 per share, which represents an approximate discount of 11.34% compared to the closing price of HKD 3.44 on October 20, 2025 [1][3] Group 1: Placement and Subscription Details - The seller has agreed to sell shares, and the placement agent will act on behalf of the seller to facilitate the sale to at least six subscribers [1] - The placement shares will account for approximately 13.16% of the company's issued share capital after the completion of the subscription [1] - The estimated net proceeds from the subscription are expected to be around HKD 761 million, with a net subscription price of approximately HKD 2.98 per share after deducting related costs [2][3] Group 2: Use of Proceeds - Approximately 56% of the net proceeds will be allocated to expanding Bitcoin mining and digital reserve businesses, focusing on acquiring and optimizing efficient Bitcoin mining machines and related infrastructure [5] - About 24% of the net proceeds will be used for the development and tokenization of Real World Asset (RWA) products, particularly within the gold-backed digital asset ecosystem [5] - Approximately 10% will be directed towards strategic and diversified investment opportunities, including potential investments in high-quality residential projects and other strategic investments within the digital asset ecosystem [5] - The remaining 10% will be allocated for general working capital, covering operational and administrative expenses, rent, employee costs, and liquidity management to support business expansion and compliance [5]