On September 16th, Hong Kong-listed company Yunfeng Financial issued a total of 191 million new shares through a placement at a price of HK$6.1 per share, raising approximately HK$1.17 billion. The purpose of this placement is to expand the company's shareholder base and capital base, as well as increase the liquidity of the company's shares in the market. The funds raised will mainly be used for upgrading the company's system facilities, recruiting talent, and meeting related capital requirements, including but not limited to launching comprehensive virtual asset trading services and virtual asset-related investment management services.
