Derlin Holdings plans to raise HKD 956 million through a placement to support its Bitcoin mining and other businesses

ChainCatcher news, according to the Hong Kong Stock Exchange announcement, Derlin Holdings announced a placement of 255 million shares on a "old shares first, new shares later" basis, accounting for approximately 15.15% of the company's existing issued share capital and approximately 13.16% of the enlarged issued share capital, with the shares being offered at a discount of about 11.34% compared to the last closing price of HKD 3.44.

It is reported that Derlin Holdings has entered into a subscription agreement with the subscriber, Evergreen Wealth Investment Limited, to allocate and issue up to 63.803 million new shares, with a total net proceeds of HKD 956 million to be used for enhancing Bitcoin mining and digital reserve business, as well as for development and investment.