De Xiang Real Estate net proceeds raised 68.76 million yuan, approximately 30% intended for integration into the Web3 ecosystem

 

 

Techub News: According to Eastnet, Deson Property has placed 100,800,000 new shares with The Reynold Lemkins Group Limited, representing approximately 10% of the enlarged issued share capital. The subscription price is HK$0.7 per share, representing a 16.67% discount to the last closing price of HK$0.84 before the trading halt. The gross proceeds are HK$70.56 million, with net proceeds of approximately HK$68.76 million. Of the net proceeds, approximately 30% will be used to support the Group's integration into the Web3 ecosystem and drive the strategic transformation and upgrading of the traditional property business; approximately 25% will be used for selective acquisitions or investments in companies and projects highly synergistic with the transformation to enhance capabilities in areas such as artificial intelligence, digitalization, and blockchain; approximately 25% will be used to expand strategic partnerships and geographical market coverage; and approximately 20% will be used as general working capital.