Yunfeng Finance allocates 190 million new shares to expand shareholder base and enhance share liquidity

According to Foresight News, the Hong Kong-listed company Yunfeng Finance allocated and issued a total of 191 million new shares in a way that was old first and then new, with an allocation price of HK$6.1 per share, and a total of approximately HK$1.17 billion in fundraising. The purpose of this placement is to expand the company's shareholders and capital base and increase the liquidity of the company's shares in the market. The amount of funds collected this time is mainly used for the Group's system facilities upgrade, talent recruitment and related capital needs, including but not limited to the launch of comprehensive virtual asset trading services and virtual asset-related investment management services.
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