Ta Yang Group Considering Rights Offering to Raise Funds for RWA Plan; Shares Down 3%
MT Newswires Live
Sep 23
Ta Yang Group (HKG:1991) said it was looking to raise funds via a potential rights offering for its planned real world asset ecosystem deployment, according to a Hong Kong bourse filing Tuesday.
The silicone rubber manufacturer's plan includes development of artificial intelligence digital humans, purchase of cryptocurrencies, and the construction of RWA asset portfolios, the company said.
Meanwhile, the company said it completed the full and final sale of its previously announced share offering. The company sold 28.66 million shares to five subscribers at HK$1.20 each to raise HK$34.4 million.
Shares of the company fell over 3% in afternoon trade.
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.