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]

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]