DL Holdings secures HK$973m for digital finance expansion

DL Holdings Group plans to raise approximately HK$973.00 million through a placing of existing shares, a top-up subscription of new shares, and a separate subscription of new shares, all at HK$3.05 per share. The placing price represents an 11.34% discount to the last closing price of HK$3.44 and a 4.98% discount to the average closing price over the last five trading days.

The company intends to allocate approximately 56% (HK$535.11 million) of the net proceeds towards expanding Bitcoin mining and digital reserve operations, and 24% (HK$229.33 million) for the development and tokenisation of Real World Asset (RWA) products, specifically gold-linked digital assets.

Additionally, 10% (HK$95.56 million) will be used for strategic and diversified investments, including potential further investment in the ONE Carmel residential project and digital asset ecosystem M&A, with the remaining 10% allocated to general working capital. These initiatives aim to strengthen the company’s capital base, improve liquidity, and support its dual-track strategy in digital finance.