China Financial Leasing Group, quoted in Hong Kong, announced that it will invest $ 11.14 million in the web3 and AI sectors, including a plan to develop its own cryptographic platform.
Summary
- China Financial Leasing Group will raise $ 11 million through the issuance of shares to finance AI, Web3 and Crypto Ventures.
- The announcement increased its action almost 20%, reflecting a broader trend among Hong Kong companies that compete for cryptographic initiatives.
According to an advertisement of the Hong Kong Stock Exchange, China’s financial leasing group Financial List of Hong Kong plans to raise funds for artificial intelligence and cryptocurrencies through a general mandate by subscribing new actions. The firm plans to issue approximately 69,379 million shares.
The company goals To raise around HKD 86,724 million ($ 11.14 million), with net revenues of approximately HKD 86,474 million after expenses. Although 5 million HKD or the company’s general operating fund will be assigned, the remaining HKD 81.47 million will be used to invest in the web and artificial intelligence sectors.
Not only that, the company’s subscription agreement also revealed that it wants to focus on establishing a digital investment platform within the group. The income of your issuance of shares will be used to invest in digital assets, including addition Stablecoins and other important cryptocurrencies to its portfolio.
Until now, the company has been watching several digital assets products for its new company. According to the notice, China’s Criptographic Platform Financial Group plans to facilitate the trade of stablcoins, Bitcoin (BTC), Ethereum (Eth), real world assets, NFT, defi, depin and more.
Although the announcement does not mention a specific launch date for the Crypto platform, the company’s efforts seem to be established in raising the necessary funds to initiate its web3 initiative, specifically through AI and Crypto.
China Financial Leasing Group actions jumps almost 20%
On October 6, China Financial Leasing Group actions received a great boost after their announcement related to cryptography was launched. According data From Google Finance, the action increased by 19.53% or only 0.25 points in the last hours after the announcement.
Before the announcement, the shares were planted around the range of $ 1.20, reaching only up to $ 1.26. It was not until later, after the announcement went viral, investors increased the price to around $ 1.55 in just one day.
The case of China Financial Leasing Group is not unique. During the past year, there have been many Asian companies that declared interest in the web3 sector, specifically cryptography and IA.
Some companies announced that they would raise funds from the issuance of shares that will be used to invest in cryptography or build a treasure of digital assets. In addition, other Hong Kong companies have taken advantage of Stablecoin’s wave by expressing interest in registering for a license to launch their own tokens linked to the local currency
An increase in shares prices would generally accompany such an ad, providing a very necessary impulse for its previously weak actions. For example, the first cripo exchange of Hong Kong Osl Osl I saw an ascent From more than 12% to its shares in July after it was revealed that the company would allocate a large part of the collection of $ 300 million funds to deepen Stablecoins.
The tendency to use ads related to cryptographic to boost shares prices became so frequent that the Hong Kong Securities and Future Commission had to issue a warning to investors. The financial agency asked investors to remain cautious with statements about stable and cryptography, since it increased together with the risk of fraud.
