PANews reported on October 21st that according to an announcement on the Hong Kong Stock Exchange, Delin Holdings announced a placement of 255 million shares on a first-up, then-new basis, representing approximately 15.15% of the company's existing issued share capital and approximately 13.16% of the enlarged issued share capital. The shares represent a discount of approximately 11.34% to the previous closing price of HK$3.44. Delin Holdings has reportedly entered into a subscription agreement with the subscriber, Changqing Wealth Investment Limited, to allot and issue up to 63.803 million new shares. The net proceeds will total HK$956 million, which will be used to strengthen its Bitcoin mining and digital reserve business, as well as for development and investment.PANews reported on October 21st that according to an announcement on the Hong Kong Stock Exchange, Delin Holdings announced a placement of 255 million shares on a first-up, then-new basis, representing approximately 15.15% of the company's existing issued share capital and approximately 13.16% of the enlarged issued share capital. The shares represent a discount of approximately 11.34% to the previous closing price of HK$3.44. Delin Holdings has reportedly entered into a subscription agreement with the subscriber, Changqing Wealth Investment Limited, to allot and issue up to 63.803 million new shares. The net proceeds will total HK$956 million, which will be used to strengthen its Bitcoin mining and digital reserve business, as well as for development and investment.