Hong Kong Stock Exchange-listed Company Multipoint Group Completes HKD 393 Million Share Placement, With Proceeds Partially Used for Stablecoin and Blockchain Research and Development Investment

BlockBeats News, July 25th, Hong Kong-listed company DigiMax Group (02586.HK) announced the completion of a HK$393 million private placement, with 50% of the net proceeds intended for stablecoin and blockchain research and development investment and technological advancement, specifically to be entirely used to cover the staff costs of the company's blockchain experts for the development and maintenance of systems and interfaces related to new business development (including various systems in the areas of trading, reserve management, settlement, clearing, compliance, and issuance), with such funds expected to be utilized by the end of 2026.