Hao Tian International Construction Investment Group Ltd. Announces Placing of New Shares Under Specific Mandate and Further Change of Use of Proceeds

Reuters
Oct 15
Hao Tian International Construction Investment Group Ltd. Announces Placing of New Shares Under Specific Mandate and Further Change of Use of Proceeds

Hao Tian International Construction Investment Group Ltd. has announced a placing of new shares under a specific mandate. The company's board has resolved to further change the use of proceeds from the placement, with plans to allocate the remaining funds towards the purchase of Ether $(ETH)$, a leading cryptocurrency. Additionally, the company anticipates strong demand in its margin financing business due to an increasingly active Hong Kong stock market and a surge in initial public offerings. The proceeds from the placement are expected to ensure sufficient capital reserves to support the growth of the company's licensed corporation and maintain compliance with regulatory requirements.

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