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- China Financial Leasing Group secures HK$86.7 million for crypto expansion.
- Innoval Capital invests to support new AI and blockchain projects.
- Hong Kong firm targets growth through digital asset investment strategy.
China Financial Leasing Group has announced plans to raise HK$86.7 million through a share placement to Innoval Capital. The Hong Kong-listed firm aims to establish a new investment platform focused on cryptocurrency and artificial intelligence.
Innoval Capital will acquire 69.38 million new shares at HK$1.25 apiece as described in a filing with the Hong Kong Stock Exchange. The approval is approximately 20 percent and 16.7 percent of the existing share capital of China Financial Leasing Group before and after the placement, respectively.
The company stated that the funds will support its objective of establishing a Crypto-AI digital asset investment platform. It intends to allocate investments in exchanges that trade in stablecoins, Bitcoin, and Ethereum, among other emerging digital currencies.
Additionally, it will discuss NFTs, DeFi, RWA, and Depin opportunities to enhance its blockchain investment portfolio. The project is designed to position the company as a leading digital asset investment group.
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Partnership Strengthens Digital Asset Ambitions
The company stated that its new focus aligns with Hong Kong’s policy to promote cryptocurrency development. The government has been promoting the controlled growth of digital assets in the financial services industry.
The subscriber is Innoval Capital, a British Virgin Islands-based company led by Moore Xin Jin. Jin is the CEO of Antalpha, a Nasdaq-traded corporation that manages assets totaling more than $ 1.6 billion.
China Financial Leasing Group believes that the joint venture will provide strategic skills and reinforce its investment plans, which are anchored in technology. The partnership is regarded as a crucial step towards expanding the firm’s presence in blockchain and artificial intelligence.
Following the announcement, the company’s stock increased by 25 percent up to 2:00 p.m. in Hong Kong. According to market data provided by Yahoo Finance, its market capitalization is approximately HK$555 million.
The result is an increased involvement of Hong Kong in facilitating blockchain and cryptocurrency investment projects. Many financial companies are now adopting a strategy that involves incorporating digital assets into their core business.
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