WebX International Holdings Announces Strategic Plan to Allocate Proceeds Towards Crypto Asset Treasury, Employee Costs, and Operational Expenses
WebX International Holdings Company Ltd. has announced a change in the use of proceeds from its recent subscription. The company plans to allocate approximately 90% of the net proceeds, around HK$42,858,000, towards building a treasury of crypto assets, focusing on bitcoin and related instruments. The remaining 10% of the proceeds, approximately HK$4,762,000, will be used to cover various expenses, including those related to customized solutions, employee costs, and other operating expenses such as maintenance, equipment, and office rental costs. These strategic allocations are intended to support the company's interests and those of its shareholders. The subscription is subject to certain conditions and may not necessarily proceed to completion. Stakeholders are advised to exercise caution in dealing with the company's shares during this period.
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