Hao Tian International reallocates funds to margin financing, virtual assets
Hao Tian International Construction Investment Group Limited has revised the use of proceeds from its previous share placing, diverting funds towards its licensed securities and virtual assets businesses. Approximately HK$25.75 million will now enhance the working capital of Hao Tian International Securities Limited, bolstering its margin financing business.
An additional HK$10 million is allocated for the development of the group's virtual assets business. This includes set-up costs for equipment and infrastructure for virtual asset dealing services, as well as salaries and costs for additional staff and consultants. The company has observed growing popularity of virtual assets and anticipates increased demand for related services, leveraging its existing Type 1 SFC license to capitalize on market opportunities.
The Licensed Corporation submitted an application to the SFC on 9 September 2025 for consent to provide virtual asset dealing services and is currently addressing regulatory queries. The company plans to recruit experienced personnel to refine risk management and investment strategies within this new business segment.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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