Xincheng Development agrees to issue shares to raise approximately HKD 50 million for the RWA sector

Jinse Finance reported that Xincheng Group announced on the Hong Kong Stock Exchange that the company has agreed to issue approximately 19 million shares to Blockchain Metaverse Academy at a price of HK$2.5845 per share. The subscribed shares account for about 0.27% of the enlarged issued share capital; the subscription price represents a premium of approximately 4.2% over the closing price of HK$2.48; the total proceeds amount to approximately HK$50 million. The funds raised will be used for strategic deployment in the field of Real World Asset (RWA) applications. (Golden Ten Data)