Prosperity Investment Holdings Limited has announced a change in the use of proceeds from its previous placing of new shares under a specific mandate. The company will reallocate funds originally intended for investment in cryptocurrencies and virtual assets towards investment in Hong Kong and United States listed securities. This adjustment aims to mitigate risks and enhance portfolio stability, given the volatility and regulatory uncertainty in cryptocurrency markets compared to the more established regulatory environments of developed equity markets. The remaining net proceeds are expected to be fully utilised on or before 31 December 2026, primarily for general working capital and the revised investment plan. The Board will continue to assess market conditions and may further revise plans as necessary.
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