On September 16, Yunfeng Financial, a Hong Kong-listed company, issued a total of 191 million new shares in an old-before-new manner, with a matching price of HK $6.1 per share and a total of approximately HK $1.17 billion. The purpose of this placement is to expand the company's shareholders and capital base, and increase the liquidity of the company's shares in the market. The amount of funds raised is mainly used for the upgrade of the group's system facilities, talent recruitment and related capital base needs, including but not limited to the launch of comprehensive virtual asset trading services and virtual asset-related investment management services.
According to market information, Hong Kong stocks Yunfeng Financial opened lower, falling more than 12% during the session, and is now quoted at HK $6.43. Previously, Yunfeng Financial announced that its wholly-owned securities subsidiary Yunfeng Securities Co., Ltd. was approved by the Hong Kong Securities Supervision Commission to provide virtual asset trading services.
Yunfeng financial placement 190 million new shares, intraday down more than 12%
2025-09-16 01:43:42
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