Ding Shi Capital Raises $60 Million Through Rights Issue, Funding Virtual Asset License Application

Ding Shi Capital Limited, a Hong Kong-listed firm, has successfully completed a rights issue, raising approximately HKD 60.7 million from the sale of unsubscribed shares. The placement at HKD 1.66 per share generated net proceeds of around HKD 57.6 million, with a dedicated portion allocated to securing a potential virtual asset trading license. The company plans to utilize approximately HKD 5.3 million, or 9.2% of the net proceeds, towards meeting licensing requirements for this emerging sector.