DL Holdings completes new share subscription, raising HK$194.24m for strategic growth

DL Holdings Group Limited announced the completion of its subscription of new shares under a general mandate on November 10, 2025. This involved the allotment and issuance of 63,803,000 subscription shares at HK$3.05 per share to Evergreen Wealth Investment Limited. This follows the completion of the placing and top-up subscription on October 23, 2025, and November 3, 2025, respectively.

The subscription generated aggregate net proceeds of approximately HK$194.24 million, after deducting all associated fees and expenses. Combined with the net proceeds from the top-up subscription (HK$761.32 million), the total net proceeds from the placing, top-up subscription, and subscription reached approximately HK$955.56 million.

These proceeds will be strategically allocated, with approximately 56.0% (HK$535.11 million) for Bitcoin mining and digital reserve operations, 24.0% (HK$229.33 million) for RWA product development and tokenisation, 10.0% (HK$95.56 million) for strategic and diversified investments, and the remaining 10.0% (HK$95.56 million) for general working capital.