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]