TA YANG GROUP (01991) Plans Rights Issue to Support Strategic Transformation and RWA Ecosystem Development

Stock News

Sep 23

TA YANG GROUP (01991) announced that the company is currently considering a potential rights issue plan to support its strategic transformation and RWA (Real World Assets) ecosystem development needs. The proceeds from this fundraising are intended to be used for research and development of AI digital humans, construction of RWA underlying asset portfolios and on-chain solutions, purchase of ETH and other cryptocurrencies as necessary business reserves, and supplementing the company's working capital. The board of directors believes that this potential rights issue is of crucial positive significance for the company's strategic transformation and meeting future business development needs.

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