China Financial Leasing Group to Raise $11M for Crypto Investment

Hong Kong-listed company China Financial Leasing Group (2312) says it plan to raise around 86.5 million Hong Kong dollars ($11.1 million), from which it will build a cryptocurrency investment platform. China Financial will raise the capital through a new share subscription, issuing over 69 million new shares at a price of 1.25 Hong Kong dollars each, according to a filing with the Hong Kong Stock Exchange. Approximately 94% of the net proceeds from the raise will be used for investment in securities of ...