Hong Kong-listed company Delin Holdings plans to raise 653.30 million Hong Kong dollars, focusing on the development of blockchain, RWA and virtual asset business

According to Securities Star, 01709.HK announced that on 7 August 2025 (prior to the trading session), the Company, the Vendors, DA Wolf and Mr. Chan, and the Placing Agent entered into a Placing and Subscription Agreement, pursuant to which (i) the Vendor has agreed to sell, and the Placing Agent has agreed to act as the Vendor's agent in an effort to procure not less than 6 Placers to purchase the Placing Shares at the Placing Price of HK $2.95 per Placing Share (a total of approximately 201 million Shares to be Placed), and (ii) the Vendor has conditionally agreed to subscribe, and the Company has conditionally agreed to allot and issue the Placing Shares to the Vendor under the General Mandate at the Placing Price equivalent to HK $2.95 per Placing Share The number of new and old subscription shares shall be the same as the number of Placing Shares actually placed by the Placing Agent pursuant to the Placing and Subscription Agreement.