Yunfeng Financial has successfully raised approximately HK$1.17 billion through a rights issue, issuing 191 million new shares at HK$6.1 each. The capital raised will bolster the company's financial position, supporting its plans to launch comprehensive virtual asset trading services. The funds will be allocated towards system upgrades, talent acquisition, and other capital needs. This development follows Yunfeng Financial's recent approval from the Hong Kong Securities and Futures Commission to offer virtual asset trading services.
Yunfeng Financial Raises HK$1.17 Billion for Virtual Asset Services
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