Delin Holdings plans to raise HK$653.3 million to focus on developing blockchain, RWA and virtual asset businesses

Delin Holdings (01709.HK) announced that on August 7 (before trading hours), the company, the vendors DA Wolf and Mr. Chen, and the placing agent entered into a placing and subscription agreement. On the same day, the company entered into a special mandate subscription agreement with the subscriber (DA Wolf Investment I Limited, a company wholly owned by the company's controlling shareholder, Mr. Chen Ningdi). The total gross proceeds from the transactions contemplated under the placing and subscription agreement and the special mandate subscription agreement are estimated to be approximately HK$653.3 million.