Haotian International plans to redirect the remaining HKD 357.5 million from the placement funds to Ethereum, expected to be fully utilized within a month.
On September 3, Hong Kong listed company Haotian International announced that it had previously raised approximately HKD 492.5 million through a special authorization to issue new shares. The original plan was: 72.66% for the development of an internet data center on Malaysian land, 15.68% for general working capital, and 11.66% for loan repayment. Progress of fund usage: as of the announcement date, approximately HKD 135 million has been used for operations and loan repayment; the remaining HKD 357.5 million was originally planned for the development of the internet data center and has not been used. The board of directors has decided to change the use of the remaining funds on September 3, 2025, to purchase Ether, with the expectation that all funds will be used within one month.
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Haotian International plans to redirect the remaining HKD 357.5 million from the placement funds to Ethereum, expected to be fully utilized within a month.
On September 3, Hong Kong listed company Haotian International announced that it had previously raised approximately HKD 492.5 million through a special authorization to issue new shares. The original plan was: 72.66% for the development of an internet data center on Malaysian land, 15.68% for general working capital, and 11.66% for loan repayment. Progress of fund usage: as of the announcement date, approximately HKD 135 million has been used for operations and loan repayment; the remaining HKD 357.5 million was originally planned for the development of the internet data center and has not been used. The board of directors has decided to change the use of the remaining funds on September 3, 2025, to purchase Ether, with the expectation that all funds will be used within one month.