Hao Tian International plans to reallocate HK$357.5 million in placement funds to invest in Ethereum, expecting to fully utilize the amount within one month.
ChainCatcher news, Hong Kong-listed company Hao Tian International issued an announcement that it previously raised a net amount of approximately HKD 492.5 millions through a special authorization for the placement of new shares, with the original plan as follows:
- 72.66% to be used for the development of an internet data center on land in Malaysia;
- 15.68% to be used as general working capital;
- 11.66% to be used for loan repayment.
Progress of fund utilization: As of the date of the announcement, approximately HKD 135 millions have been used for operations and loan repayment; the remaining HKD 357.5 millions, originally planned for the development of the internet data center, have not yet been used.
Board decision: On September 3, 2025, it was decided that the remaining funds would be repurposed for the purchase of the cryptocurrency Ethereum, and it is expected that all funds will be used within one month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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