Jingtai Holdings Secures HK$2.65 Billion through Share Placement

Hong Kong-listed Jingtai Holdings has successfully completed a share placement, raising HK$2.65 billion. The pricing for the placement set the shares at HK$9.28 each, representing a premium of approximately 75.8% over the IPO price. These funds will be utilized to bolster company operations, fuel product development, explore mergers and acquisitions opportunities, and expand into innovative financial tools like real-world assets (RWA) and real data assets (RDA). The company is also planning to develop new blockchain business initiatives.