HK Asia Holdings to Raise HK$65.5 Million via 3.27M Shares and HK$52.4M Convertible Notes to Expand Bitcoin Holdings

HK Asia Holdings Limited, a publicly traded company based in Hong Kong, has announced plans to raise approximately HK$65.5 million to expand its Bitcoin holdings. The company intends to issue 3.27 million new shares at HK$4.01 per share and raise HK$52.4 million through convertible notes under a general mandate. The convertible notes are set to convert at HK$5 per share, which would result in an estimated 2.62% dilution of shares, while the new shares represent about 0.82% of the current issuance. This capital raise reflects the company’s strategy to increase its exposure to Bitcoin amid growing interest in cryptocurrency investments in Asia. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant