GoldTech Holdings has completed a HKD 2.65 billion new share placement financing, which will be used to explore Risk-Weighted Assets (RWA) applications and develop new blockchain businesses.

BlockBeats News, August 29th, Hong Kong-listed company Crystal International Group Limited (02228.HK) completed a HKD 2.65 billion new share placement pricing, with the placement price set at HKD 9.28 per share, representing a premium of approximately 75.8% over the IPO price. According to the announcement, in addition to being used for company operations, product development, and mergers and acquisitions, the funds will also be used to explore innovative financial instruments such as Real World Assets (RWA) and Real Data Assets (RDA), and to research and develop new blockchain business. (Securities Times)