International Commercial Settlement Holdings Limited plans to raise approximately HK$500 million through a new share issuance, with 90% of the funds earmarked for cryptocurrency investments. The company has signed a subscription agreement with at least six professional investors to issue around 2.782 billion new shares at HK$0.18 each. The raised capital will primarily support ventures in cryptocurrency mining, trading, and investments in computing power, as well as expansion into the Web3 sector. This follows a previous HK$70 million investment in a joint venture focused on crypto-asset businesses, underscoring the company's commitment to expanding its presence in the fintech and cryptocurrency markets.
International Commercial Settlement Holdings to Raise HK$500 Million for Crypto Investments
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