HK Asia Holdings to Raise HK$65.5 Million via 3.27M Shares and HK$52.4M Convertible Notes to Expand Bitcoin Holdings

HK Asia Holdings Limited, a publicly traded company based in Hong Kong, has announced plans to raise approximately HK$65.5 million to expand its Bitcoin holdings. The company intends to issue 3.27 million new shares at HK$4.01 per share and raise HK$52.4 million through convertible notes under a general mandate. The convertible notes are set to convert at HK$5 per share, which would result in an estimated 2.62% dilution of shares, while the new shares represent about 0.82% of the current issuance. This capital raise reflects the company's strategy to increase its exposure to Bitcoin amid growing interest in cryptocurrency investments in Asia.

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