Core Viewpoint - Yunfeng Financial (00376.HK) has successfully completed a placement of 191.3 million existing shares at a price of HKD 6.10 per share, raising approximately HKD 11.7 billion in total proceeds, with a net amount of about HKD 11.5 billion [1] Summary by Relevant Sections - **Placement Details** - The placement was completed on September 18, 2025, with shares sold to no less than six subscribers [1] - The placement price was set at HKD 6.10 per share for a total of 191.3 million shares [1] - **Use of Proceeds** - Approximately 70% of the net proceeds (around HKD 8.05 billion) will be allocated for system facility upgrades, talent recruitment, and related capital needs, including the launch of comprehensive virtual asset trading services and virtual asset-related investment management services [1] - The remaining 30% of the net proceeds (around HKD 3.45 billion) will be used for general working capital to cover the daily operational expenses of the group [1]

Core Viewpoint - Yunfeng Financial (0376.HK) experienced a significant drop of over 19% after reaching a new high yesterday, with a current trading price of 5.93 HKD and a trading volume exceeding 2.2 billion HKD [1] Group 1: Share Placement - The company plans to conduct a placement of 191 million shares, which represents an approximate 4.71% increase in the post-placement share capital [1] - The placement price is set at 6.1 HKD per share, reflecting a discount of 16.78% compared to the closing price from the previous day [1] - The total funds raised from this placement are expected to be 1.167 billion HKD [1] Group 2: Use of Proceeds - Approximately 70% of the net proceeds, around 1.15 billion HKD, will be allocated for system infrastructure upgrades, talent recruitment, and related capital requirements, including the launch of comprehensive virtual asset trading services and investment management services related to virtual assets [1] - The remaining 30% of the proceeds will be used for general working capital to cover the company's operational expenses incurred during daily business activities [1]

Core Viewpoint - Yunfeng Financial (00376) announced a placement of 191 million new shares at a price of HKD 6.1 per share, raising approximately HKD 1.17 billion to enhance its shareholder base and capital foundation, while increasing market liquidity [1] Group 1: Fundraising Details - The placement was conducted on a "old shares first, new shares later" basis, with the placement price representing a premium of about 16% over the average closing price of the previous five days and a premium of about 38% over the average closing price of the previous ten days [1] Group 2: Use of Proceeds - The raised funds will primarily be used for system facility upgrades, talent recruitment, and related capital needs, including the launch of comprehensive virtual asset trading services and virtual asset-related investment management services [1] Group 3: Future Vision - The company aims to continue promoting the deep integration of traditional finance and blockchain technology, with a vision to create a new generation Web3 financial service ecosystem, encapsulated in the slogan "Everything on the chain, linking the world" [1]

Core Viewpoint - Yunfeng Financial (00376) announced a placement of 191 million new shares at a price of HKD 6.1 per share, raising approximately HKD 1.17 billion to enhance its shareholder base and capital foundation, while increasing market liquidity [1] Group 1: Share Placement Details - The share placement was conducted on a "old shares first, new shares later" basis, with a premium of about 16% over the average closing price of the previous five days and a premium of about 38% over the average closing price of the previous ten days [1] Group 2: Financial and Business Development - The raised funds will be primarily used for system upgrades, talent recruitment, and related capital needs, including the launch of comprehensive virtual asset trading services and virtual asset-related investment management services [1] - The company aims to deepen the integration of traditional finance with blockchain technology, pursuing its vision of creating a new generation Web3 financial service ecosystem [1]

Core Viewpoint - Yunfeng Financial (00376.HK) has entered into a placement and subscription agreement to sell and issue shares at a price of HKD 6.10 per share, which represents a discount of approximately 16.8% from the last closing price of HKD 7.33 [1][2] Group 1 - The seller, Jade Passion Limited, has agreed to sell 191.3 million shares, which represents about 4.95% of the existing issued share capital as of the announcement date [2] - The estimated total gross proceeds from the subscription are approximately HKD 1.17 billion, with net proceeds expected to be around HKD 1.15 billion [2] - The company plans to allocate approximately 70% of the net proceeds for system facility upgrades, talent recruitment, and related capital needs, including the launch of comprehensive virtual asset trading services and related investment management services [2] Group 2 - Approximately 30% of the net proceeds will be used for general working capital to cover expenses incurred in the daily operations of the group [2]