Derlin Holdings Strategic Financing Overview
Derlin Holdings, listed under the stock symbol 01709, has made significant strides in its strategic financing efforts. On August 7, the company entered a placement and subscription agreement with Mr. Chen, DA Wolf, and their appointed placement agent. Alongside this arrangement, it also established a special authorization subscription with DA Wolf Investment I Limited. The financial undertaking is expected to yield around HKD 653.3 million, which will be strategically reinvested into the company’s various initiatives.
Allocation of Proceeds
The allocation of proceeds is carefully considered, with approximately 30% earmarked for strategic acquisitions and investments designed to enhance the company’s RWA tokenization strategy. In addition, around 15% of the funds will support the development of Bitcoin mining operations and bolster Bitcoin reserve holdings.
Derlin Holdings also plans to invest about 7% into setting up a regulated virtual asset over-the-counter trading network in Hong Kong, which includes obtaining and improving the necessary compliance licenses for operation.
Moreover, the group has outlined that roughly 8% will focus on advancing its digital asset, cryptocurrency, and stablecoin enterprises. Notably, another 10% will be allocated to the ONE Carmel premium residential development project located in the United States.
The company aims to ensure robust infrastructure by designating approximately 10% each towards upgrading IT systems, launching exchange-traded funds, and fostering quantitative investment strategies, all while ensuring that operational capital and daily management needs are met.
