The post Hong Kong’s Ming Shing to Buy $483 Million in Bitcoin via Notes appeared on BitcoinEthereumNews.com. Hong Kong-listed Ming Shing Group Holdings Limited said it has signed a binding agreement to acquire 4,250 Bitcoin for about US$482 Hong Kong-listed Ming Shing Group Holdings Limited said it has signed a binding agreement to acquire 4,250 Bitcoin for about US$482.96 million, equivalent to nearly five times the construction company’s roughly US$107 million market value. Ming Shing intends to finance the purchase entirely through the issuance of convertible notes, rather than cash. The announcement sent the stock up as much as 30 percent in Hong Kong trading on 21 August before gains moderated. The move adds to a growing list of Asian corporates adopting Bitcoin as a treasury asset amid persistent interest in digital currencies. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/markets/hong-kongs-ming-shing-to-buy-483-million-bitcoin-via-notes-fbbfc660The post Hong Kong’s Ming Shing to Buy $483 Million in Bitcoin via Notes appeared on BitcoinEthereumNews.com. Hong Kong-listed Ming Shing Group Holdings Limited said it has signed a binding agreement to acquire 4,250 Bitcoin for about US$482 Hong Kong-listed Ming Shing Group Holdings Limited said it has signed a binding agreement to acquire 4,250 Bitcoin for about US$482.96 million, equivalent to nearly five times the construction company’s roughly US$107 million market value. Ming Shing intends to finance the purchase entirely through the issuance of convertible notes, rather than cash. The announcement sent the stock up as much as 30 percent in Hong Kong trading on 21 August before gains moderated. The move adds to a growing list of Asian corporates adopting Bitcoin as a treasury asset amid persistent interest in digital currencies. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/markets/hong-kongs-ming-shing-to-buy-483-million-bitcoin-via-notes-fbbfc660