On September 3, Haotian International, a Hong Kong-listed company, announced that it had previously raised a net amount of about 492.50 million Hong Kong dollars by placing new shares through special authorization. The original plan was:
72.66% for internet data center development on Malaysian land
15.68% for General Working Funds
11.66% for loan repayment
Progress of use of funds: As of the announcement date, about HK $135 million has been used for operation and loan repayment; the remaining HK $357.50 million was originally planned for Internet data center development and has not been used. The board of directors decided on September 3, 2025 to change the use of the remaining funds to the purchase of cryptocurrency Ethereum, which is expected to be fully used within one month.
Haotian International plans to convert the remaining 357.50 million Hong Kong dollar placement funds to Ethereum
2025-09-03 13:21:03
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