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HaoTian International plans to reallocate the remaining 3.575 billion Hong Kong dollars of the placement funds to Ethereum, with the expectation to fully utilize it within one month.
By: theblockbeats.news|2025/09/03 21:42:26
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BlockBeats News, September 3rd - Hong Kong-listed company Haotian International released an announcement. Previously, through a special authorization, it conducted a placement of new shares, raising a net amount of approximately 492.5 million Hong Kong dollars. The original plan was as follows:
72.66% for the development of an Internet data center on Malaysian land
15.68% for general working capital
11.66% for loan repayment
Utilization of Funds: As of the announcement date, approximately 135 million Hong Kong dollars had been used for operations and loan repayment. The remaining 357.5 million Hong Kong dollars, originally planned for the Internet data center development, have not been used yet. The board of directors decided: On September 3, 2025, it was decided to change the remaining funds' purpose to purchase the cryptocurrency Ethereum, with the expectation of fully utilizing it within one month.
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