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]

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]

Core Viewpoint - Delin Holdings (01709) has entered into a subscription agreement with Carmel Reserve LLC to acquire approximately 15.10% of the existing B-class member interests, with a total investment of approximately $10.32 million (around HKD 80.52 million), which will increase the company's stake to about 32.97% post-transaction [1][2][4] Group 1: Investment Details - The subscription agreement involves acquiring B-class member interests in Carmel Reserve LLC, which is developing the "ONE Carmel" luxury residential project in California [1][2] - The project spans 891 acres (approximately 3.6 square kilometers) and is planned to consist of 73 lots, with an average lot size of 4.38 acres (approximately 17,725 square meters) [2] - The first phase of the "ONE Carmel" project is expected to be completed by 2026 [2] Group 2: Strategic Importance - The board views this subscription as a significant strategic opportunity to deepen investment in the luxury residential development in Carmel Valley, California [2][3] - The investment will convert previous debt investments into equity and inject an additional $8 million in new funds to support ongoing development [2][3] Group 3: Project Potential - "ONE Carmel" is considered a high-quality real estate asset with significant future tokenization potential, aligning with the company's goals in digital finance and blockchain [3] - The project aims to meet the growing demand for ultra-luxury, sustainable living spaces, particularly appealing to high-net-worth individuals [3] - The development will feature modern designs, top-tier amenities, and advanced technology, enhancing operational efficiency and asset value [3] Group 4: Financial Outlook - The board believes that the subscription will generate sustainable value for shareholders through financial returns from the project [4] - The terms of the subscription agreement are deemed fair and reasonable, aligning with the overall interests of the company and its shareholders [4]

Core Viewpoint - The company has entered into a subscription agreement to acquire approximately 15.10% of the existing B-class member equity of Carmel Reserve LLC, with a total investment of approximately $10.32 million (around HKD 80.52 million), which will increase its stake to about 32.97% post-transaction [1][2]. Group 1: Investment Details - The subscription agreement involves the company acquiring equity in Carmel Reserve LLC, which is developing the "ONE Carmel" luxury residential project in California [1][2]. - The project spans 891 acres (approximately 3.6 square kilometers) and is planned to consist of 73 lots, with an average lot size of 4.38 acres (about 17,725 square meters) [2]. - The first phase of the "ONE Carmel" project is expected to be completed by 2026, marking it as a significant residential development in the Carmel Valley area [2]. Group 2: Strategic Importance - The board views this investment as a strategic opportunity to deepen involvement in the luxury residential development market in California [2][3]. - The project is designed to meet the growing demand for ultra-luxury, sustainable living spaces, particularly appealing to high-net-worth individuals [3]. - By converting debt investments into equity and injecting an additional $8 million in new funds, the company aims to enhance its potential for long-term capital appreciation and profit distribution from the project [2][3]. Group 3: Financial and Operational Outlook - The board believes that the financial returns generated from the project will provide sustainable value for shareholders [4]. - The project is positioned to integrate advanced AI property management systems, enhancing operational efficiency and resident experience [3]. - The investment aligns with the company's strategy to expand its footprint in the U.S. real estate market and diversify its asset base [3][4].

Group 1 - Hong Kong and Norway can leverage their complementary strengths to create significant synergies in addressing global challenges such as climate change and digital transformation [1][2] - Progress has been made towards signing a comprehensive double taxation avoidance agreement between Hong Kong and Norway, with positive responses from Norwegian officials [1] - Hong Kong has been recognized as one of the first jurisdictions aiming for full adoption of ISSB standards, highlighting its commitment to supporting international sustainable disclosure efforts [1] Group 2 - The maritime financial sector presents new opportunities for collaboration, with discussions held between Hong Kong officials and Norwegian maritime and energy insurance providers [2] - Hong Kong's shipping services industry is well-positioned to combine with Norway's expertise in maritime risk management, creating comprehensive solutions for the shipping industry [2] - Hong Kong's strategic location and tax incentives enhance its attractiveness for shipping finance and leasing, catering to geopolitical and climate-related challenges [2] Group 3 - Both Hong Kong and Norway share commitments to green and sustainable development, as well as advantages in wealth management [3] - Norway's advanced digital economy and Hong Kong's extensive fintech ecosystem can foster collaboration in digital finance, potentially redefining global digital financial solutions [3] - The combination of Norway's technological innovations and Hong Kong's market access can create significant investment opportunities in the Greater Bay Area [3]