Haotian International Shifts Funds to Ethereum Investment

Haotian International Construction Investment Group Limited has announced a significant reallocation of funds raised through a recent special share placement. The net proceeds, amounting to approximately 49.25 million Hong Kong dollars, were originally intended for various purposes such as an internet data center project in Malaysia, general operational expenses, and loan repayment. The company allocated 72.66% for the Malaysian data center, 15.68% for operational expenses, and 11.66% for loan repayments. As of September 3, 2025, a total of 13.5 million Hong Kong dollars have been utilized for these initial allocations, leaving around 35.75 million Hong Kong dollars unallocated. Now the company’s board has chosen to redirect those remaining funds towards purchasing cryptocurrency Ethereum, with an aim to complete the investment within a month’s time. #ETH