JF SmartInvest Raises HK$773 Million via Share Placement and Top-Up Subscription; Shares Gain 4%

MT Newswires Live
Jul 29

JF SmartInvest (HKG:9636) completed a top-up share placement and subscription, raising about HK$772.8 million in net proceeds to support its overseas digital asset strategy, according to a Monday Hong Kong bourse filing.

Shares of the company gained nearly 4% in Tuesday's late-afternoon trade.

A total of 20 million existing shares were placed at HK$39.25 each on July 18, followed by the issuance of 20 million new shares to existing shareholders at the same price on July 28.

The company said 40% of net proceeds will fund investments in RWAs, stablecoins, and licensed digital asset platforms, while 30% will support infrastructure and service expansion in Hong Kong and the Middle East.

The rest will go toward AI-driven advisory models and working capital.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10