Yunfeng Financial placed 190 million new shares, and its stock price fell by more than 12% during the trading session.
On September 16th, Hong Kong-listed company Yunfeng Financial issued a total of 191 million new shares through a placement at a price of HK$6.1 per share, raising approximately HK$1.17 billion. The purpose of this placement is to expand the company's shareholder base and capital base, as well as increase the liquidity of the company's shares in the market. The funds raised will mainly be used for upgrading the company's system facilities, recruiting talent, and meeting related capital requirements, including but not limited to launching comprehensive virtual asset trading services and virtual asset-related investment management services.
According to market information, Yunfeng Financial opened low and continued to decline, falling more than 12% during the trading day, and is currently trading at HK$6.43. Earlier reports stated that Yunfeng Financial announced that its wholly-owned securities subsidiary, Yunfeng Securities Limited, has been approved by the Hong Kong Securities and Futures Commission to provide virtual asset trading services.
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.
You may also like
A strange phenomenon emerges in the US: the job market cools down while the US stock market repeatedly hits new highs
The U.S. stock market is currently experiencing an extremely peculiar, even "pathological" scenario, which JPMorgan has described as a "bizarre case of jobless expansion."
Witnessing history again! Gold breaks above 3,690 intraday—will it hit 4,000 next year?
Gold prices have surged nearly 40% so far this year. Analysts say the speed of the rally has exceeded everyone's expectations, but a pullback is likely before reaching the $4,000 milestone.


Rumors of token issuance intensify: A look at 10 ecosystem layouts of Polymarket

Trending news
MoreCrypto prices
More








