Haotian International plans to allocate the HKD 35.75 million raised from the placement to invest in Ethereum, expecting to fully utilize it within a month

2025-09-03 21:12:08

ChainCatcher news, Hong Kong listed company Haotian International announced that it previously raised approximately HKD 49.25 million through a special authorization for the placement of new shares. The original plan was:

72.66% for the development of an internet data center on Malaysian land;
15.68% for general working capital;
11.66% for repaying loans.

Progress of fund usage: As of the announcement date, approximately HKD 13.5 million has been used for operations and loan repayment; the remaining HKD 35.75 million was originally planned for the development of the internet data center and has not yet been used.

The board of directors decided: On September 3, 2025, to change the use of the remaining funds to purchase the cryptocurrency Ethereum, expected to be fully utilized within a month.

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