Core Viewpoint - Derin Holdings (01709) has experienced a significant decline in stock price, dropping nearly 4% after a previous drop of over 15%, indicating market volatility and investor concerns regarding the company's recent actions [1] Group 1: Stock Performance - The stock price of Derin Holdings fell by 3.78%, trading at HKD 2.8, with a trading volume of HKD 116 million [1] - The company has seen a total decline of over 15% in the previous trading session [1] Group 2: Share Placement - Derin Holdings announced a plan to place a total of 255 million shares, representing approximately 15.15% of the existing issued share capital and about 13.16% of the enlarged issued share capital [1] - The placement price is set at HKD 3.05 per share, which is approximately 11.34% lower than the closing price of HKD 3.44 on October 20 [1] - The company has entered into an agreement with Evergreen Wealth Investment Limited to issue up to 63.83 million new shares at the same placement price, accounting for about 3.18% of the enlarged issued share capital [1] Group 3: Use of Proceeds - The net proceeds from the share placement are expected to reach HKD 956 million [1] - The funds will be utilized to expand Bitcoin mining and digital reserve businesses, develop and tokenize RWA products, and for strategic and diversified investments [1] - The aim is to support growth in digital finance, virtual assets, and RWA tokenization, as well as to enhance the company's asset construction and allocation capabilities, and strengthen recurring revenue sources [1]

Group 1 - The stock of Delin Holdings (01709.HK) experienced a decline of nearly 4% on October 22, following a significant drop of over 15% the previous day [1] - As of the time of reporting, the stock price was at 2.8 HKD, with a trading volume of 116 million HKD [1]

Core Viewpoint - Derlin Holdings (01709) has experienced a significant decline in stock price, dropping nearly 4% after a previous drop of over 15%, indicating market concerns regarding its recent capital raising activities [1] Group 1: Stock Performance - As of the latest update, Derlin Holdings' stock is trading at 2.8 HKD, with a trading volume of 116 million HKD [1] - The stock price has decreased by approximately 11.34% compared to the closing price of 3.44 HKD on October 20 [1] Group 2: Capital Raising Plan - The company plans to conduct a placement of a total of 255 million shares, representing about 15.15% of the existing issued share capital and approximately 13.16% of the enlarged issued share capital [1] - The placement price is set at 3.05 HKD per share, which is lower than the recent market price [1] - An agreement has been made with Evergreen Wealth Investment Limited to issue up to 63.8 million new shares at the same placement price, accounting for about 3.18% of the enlarged issued share capital [1] Group 3: Use of Proceeds - The net proceeds from the placement are expected to reach 956 million HKD [1] - The funds will be utilized to expand Bitcoin mining and digital reserve businesses, develop and tokenize RWA products, and support strategic and diversified investments [1] - The focus will be on enhancing capabilities in digital finance, virtual assets, RWA tokenization, and related infrastructure development for Bitcoin mining, aiming to strengthen asset construction and recurring income sources [1]

Major Events - Guanghe Tong (00638) has set the offer price at HKD 21.5 per share, with the public offering receiving a subscription rate of 550.99 times [1] - China Biologic Products (01177) announced the Phase III study data of Kymriah combined with Fluvestrant for the first-line treatment of advanced breast cancer will be presented at ESMO 2025 [1] - Derun Holdings (01709) plans to conduct a placement of new shares at a discount of approximately 11.34%, aiming to raise about HKD 761 million [1] - New World Development (00017) clarified media reports, stating that it has not undertaken any debt management projects regarding perpetual and other debt securities [1] - China Shenhua (01088) reported that Unit 4 of the Jiujiang Phase II project has successfully completed a 168-hour trial run [1] - Jingwei TianDi (02477) has acquired a TCSP licensed company and launched a new feature called FOPAY [1] - Rongzun International Holdings (01780) announced that its controlling shareholder intends to place up to 60% of the company's shares, reducing their stake to 15% [1] Financial Performance - Pop Mart (09992) reported a year-on-year revenue growth of 245%-250% for the third quarter [2] - China Telecom (00728) recorded a profit attributable to shareholders of RMB 30.8 billion for the first three quarters, reflecting a year-on-year increase of 5.0% [2] - Luk Fook Holdings (00590) reported that its overall retail value, retail income, and same-store sales for the second quarter exceeded the first quarter, increasing by 18%, 15%, and 10% respectively [2] - Minmetals Resources (01208) produced a total of 127,000 tons of copper in the third quarter, marking an 11% year-on-year increase [2] - Datang Power (00991) achieved a total electricity generation of approximately 2,062.41 billion kilowatt-hours in the first three quarters, up about 2.02% year-on-year [2] - Far East Horizon (03360) reported an increase in profit attributable to ordinary shareholders for the first three quarters [2] - China General Nuclear Power Corporation (01164) produced a total of 644.3 tons of natural uranium in the third quarter [2]

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]

格隆汇10月21日｜德林控股(1709.HK)低开8.72%报3.14港元。消息面上，公司公布以先旧后新方式配 股，以每股3.05港元配售现有已发行股本约15.15%，以及同样以3.05港元配售6380.3万股新股，占扩大 后已发行股本约3.18%。配售价较上日收市价折让11.34%。公司预计，所得款项总额合共9.73亿港元， 约56%将用于扩充比特币挖矿及数码储备业务；约24%开发及代币化RWA产品；约10%将用于策略性及 多元化投资；约10%将用于一般营运资金。 ...

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]