Core Viewpoint - Derin Holdings (1709.HK) experienced a decline of 8.72%, opening at HKD 3.14 following the announcement of a rights issue at a discounted price [1] Group 1: Rights Issue Details - The company announced a rights issue using a "first old, then new" method, offering shares at HKD 3.05, which represents a discount of 11.34% compared to the previous closing price [1] - Approximately 15.15% of the existing issued share capital will be allocated for this rights issue, along with the issuance of 63.83 million new shares, accounting for about 3.18% of the enlarged issued share capital [1] Group 2: Use of Proceeds - The total expected proceeds from the rights issue amount to HKD 973 million [1] - Approximately 56% of the 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% is earmarked for strategic and diversified investments, while another 10% will be used for general working capital [1]

Core Viewpoint - Derlin 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 - Derlin 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 expenses [1] Group 2: Use of Proceeds - The net proceeds from the subscription and placement are intended for expanding Bitcoin mining and digital reserve business, developing and tokenizing RWA products, strategic and diversified investments, and general working capital [2]