ITC PROPERTIES (00199) saw its shares rise over 5% upon the resumption of trading this morning. At the time of writing, the stock was up 5.63%, trading at HK$1.5, with a turnover of HK$11.3873 million. On the evening of January 20, ITC PROPERTIES announced a placement of new shares to Legislative Council member Dr. Wu Jiezhuang, alongside a placement of new shares and warrants to strategic shareholder Reynold Lemkins. The new shares were priced at HK$1.14 per share, representing a 62.86% premium over the previous placement round; the warrant exercise price was set at HK$1.704 per share, a 20% premium to the previous closing price. Following the settlement of the new shares and the exercise of the warrants, Reynold Lemkins will inject an additional HK$470 million, increasing his shareholding to 30.90%, which triggers a mandatory general offer threshold. The announcement indicated that the relevant shares are subject to a 12-month lock-up period, with the raised funds intended to accelerate the implementation of the RWA digital asset strategic upgrade and related investments and acquisitions.