Tak Shing Realty has announced a share placement agreement with The Reynold Lemkins Group (Asia) Limited, issuing 100.8 million new shares at HK$0.70 each. This issuance represents 10% of the enlarged share capital, raising net proceeds of approximately HK$68.76 million. The company plans to allocate 30% of the funds to integrate into the Web3 ecosystem and strategically transform its traditional real estate business. Additionally, 25% of the proceeds will be used for selective acquisitions and investments in AI, digitalization, and blockchain projects. The ultimate beneficial owner of the subscriber is entrepreneur Liu Haoran.
Tak Shing Realty Raises HK$68.76 Million for Web3 and AI Investments
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