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]

Core Viewpoint - Derin Holdings (01709.HK) has entered into a placement and subscription agreement to raise approximately HKD 973 million through the issuance of new shares, aimed at expanding its digital finance, virtual assets, and Bitcoin mining operations [1][2]. Group 1: Placement and Subscription Agreement - The company, along with its controlling shareholder and the placement agents, has agreed to a placement price of HKD 3.05 per share for at least six subscribers [1]. - The total number of new shares to be issued under the placement agreement is approximately 255 million shares, matching the number of shares sold by the placement agents [1]. - The subscription agreement with Evergreen Wealth Investment Limited allows for the subscription of up to 63.8 million new shares at the same price of HKD 3.05 per share [2]. Group 2: Financial Projections - The total expected proceeds from the placement and subscription agreements are approximately HKD 973 million, with net proceeds estimated at around HKD 961 million [2]. - The funds raised will support the company's expansion in digital finance, virtual assets, and Bitcoin mining infrastructure, enhancing its asset management capabilities and recurring revenue sources [2].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） (1)根據一般授權配售現有股份及先舊後新認購新股份； 及 (2)根據一般授權認購新股份 配售事項之聯席配售代理 整體協調人 國泰君安證券（香港）有限公司 德林證券（香港）有限公司 1 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 董事會欣然宣佈，於2025年10月21日（交易時段前），本公司已訂立配售及認 購協議及認購協議，預期配售及認購協議及認購協議項下擬進行交易之所 得款項總額合共約為973.00百萬港元。 (1) 根據一般授權配售現有股份及先舊後新認購新股份 董事會欣然宣佈，於2025年10月21日（交易時段前），本公司、賣方及配售代 理訂立配售及認購協議，據此，(i)賣方已同意出售，而配售代理已同意作為 賣方之 ...

Key Points - NIO-SW (09866) rose over 4% as CEO Li Bin emphasized the necessity of achieving profitability in Q4 during an internal meeting on October 17 [1] - COSCO Shipping Energy (01138) increased over 4% due to successful capital increase enhancing future shipping capacity and strategic value in international shipping competition [1] - Datang New Energy (01798) fell over 4% despite a more than 10% increase in power generation in the first nine months, influenced by adjustments in VAT policies for wind power [1] - Laopuhuang Gold (06181) dropped over 6%, although it still recorded a cumulative increase of over 10% this month, with a price adjustment announcement set for October 26 [1] - Jitu Express-W (01519) rose over 3% as Q3 parcel volume exceeded market expectations, with anti-involution policies likely to restore company profits [1] - JD Health (06618) increased over 4% as institutions expect enhanced drug sales to benefit overall gross margin [1] - Derin Holdings (01709) rose over 3% after announcing plans to acquire 2,995 BM mining machines from Bitmain, strengthening its Bitcoin mining business [1] - Sanhua Intelligent Control (02050) increased over 6% after announcing an increase in the share repurchase price limit, with recent catalysts in the robotics sector [1] - Bilibili-W (09626) rose over 3% as Q3 advertising performance is expected to continue, with a new card game set to contribute additional revenue early next year [1] - Alibaba-W (09988) rose over 4% after partnering with Ant Group to acquire a 13-story commercial building in Causeway Bay for HKD 7.2 billion [2] US Market Highlights - CSX Transportation (CSX.US) rose 1.69% as CEO Steve Angel indicated a focus on strategic opportunities and reevaluating aspects of railroad operations [3] - Novo Nordisk (NVO.US) fell 3.07% and Eli Lilly (LLY.US) dropped 2.02% following Trump's comments on potential price reductions for the weight loss drug Ozempic [3] - American Lithium (LAC.US) fell 8.12% after JPMorgan downgraded its rating from "neutral" to "underweight," citing overvaluation concerns [3] - Ford Motor Company (F.US) rose 1.53% as the NHTSA announced a recall of nearly 625,000 vehicles due to safety issues [3] - ASE Technology Holding (ASX.US) continued to rise 1.11% with the expansion of its K18B advanced packaging plant expected to commence production in Q1 2028 [3] - NetEase (NTES.US) fell 0.26% after announcing the discontinuation of its mobile game "The Lord of the Rings: Rise to War" [3] - Oracle (ORCL.US) fell 6.93% as it projected a 35% gross margin for its AI infrastructure plans during the Oracle AI World conference [4] - Hims & Hers Health (HIMS.US) dropped 15.84% after launching affordable treatment options for perimenopausal and menopausal individuals [4] - Gold stocks generally declined, with Harmony Gold (HMY.US) down 8.86% and Kinross Gold (KGC.US) down 8.99%, amid a significant drop in spot gold prices [4]

Core Viewpoint - Delin Holdings (01709) is experiencing a stock price increase of over 7% following the announcement of its acquisition of 2,995 BM mining machines from Bitmain, aimed at strengthening its Bitcoin mining operations [1] Group 1: Acquisition Details - Delin Holdings plans to acquire 1,900 BM mining machines at a cost of $8.35 million and 1,095 BM mining machines for $10.88 million, with funding sourced from net proceeds of a placement and potential financing from Antalpha Digital [1] - The board believes that signing the formal agreement for the BM acquisition will provide long-term financial returns and value for shareholders [1] Group 2: Strategic Implications - The acquisition is expected to enhance the company's leadership position in Bitcoin mining among Hong Kong-listed companies, diversify revenue sources, and enable the company to capitalize on the rapidly expanding market opportunities in digital assets and blockchain [1] - The board considers the terms of the BM agreement and the proposed transactions to be normal commercial terms that are fair and reasonable, aligning with the overall interests of the company and its shareholders [1]

Core Viewpoint - Derin Holdings (01709) has seen a stock price increase of over 7%, currently trading at HKD 3.44 with a transaction volume of HKD 115 million, following the announcement of significant acquisitions in Bitcoin mining equipment [1] Group 1: Acquisition Details - Derin Holdings announced the acquisition of 1,900 BM mining machines from Bitmain's subsidiaries BM1 and BM2 for a total cost of USD 8.35 million and 1,095 BM mining machines for USD 10.88 million [1] - The financing for these acquisitions will be sourced from the net proceeds of a placement and potential financing from Antalpha Digital [1] Group 2: Strategic Implications - The board believes that signing the formal agreement with BM will provide long-term financial returns and value for shareholders [1] - The acquisition is expected to strengthen the company's leadership position in the Bitcoin mining business among Hong Kong-listed companies, diversify revenue sources, and enable the company to capitalize on the rapidly expanding market opportunities in digital assets and blockchain [1] - The board considers the terms of the formal agreement and the proposed transactions to be normal commercial terms that are fair and reasonable, aligning with the overall interests of the company and its shareholders [1]

Core Viewpoint - Derin Holdings (01709) has signed formal agreements for the acquisition of BM mining machines, aiming to become the first listed "Bitcoin computing power stock" in Hong Kong, with a total hash power of approximately 2.1 million TH and an annual production target of around 350 Bitcoins [1][4]. Group 1: Acquisition Details - The company has entered into agreements for the acquisition of 1,900 units of BM mining machine 1 for a total cost of approximately $8.3491 million (equivalent to HKD 65.1228 million) and 1,095 units of BM mining machine 2 for approximately $10.8766 million (equivalent to HKD 84.8378 million) [1]. - The total expected annual output from the BM mining machines is approximately 175 Bitcoins, based on a total hash power of about 1.06 million TH/s [1]. Group 2: Operational Management - The digital asset department has dedicated operational personnel and utilizes a transparent third-party ASIC mining management platform to monitor hash power, temperature, and performance data in real-time [2]. - The company will sign a framework agreement with designated hosting service providers for the daily operation and maintenance of the BM mining machines, ensuring operational efficiency and uninterrupted mining activities [3]. Group 3: Strategic Partnerships - Bitmain, the parent company of BM1 and BM2, is recognized as the largest and most technologically advanced Bitcoin mining machine manufacturer, providing significant operational efficiency and competitive advantages through its advanced cooling technology [4]. - The board believes that signing the formal agreements will bring long-term financial returns and value to shareholders, reinforcing the company's leadership position in the Bitcoin mining business among Hong Kong listed companies [4].