DL Holdings raises HK$653m through share placing

DL Holdings Group will raise approximately HK$653.30 million through placing 201.5 million existing shares at HK$2.95 each, followed by a top-up subscription of equal new shares.

Controlling shareholder DA Wolf will subscribe for up to 20 million additional new shares at the same price. Proceeds will fund digital finance expansion, Bitcoin initiatives, and working capital.