CRYPTO FLOW Plans Discounted Placement of up to 66.667 Million Shares, Net Proceeds Around HK$97 Million

Stock News07-31

CRYPTO FLOW (08198) has announced a plan to place up to 66.667 million shares at a price of HK$1.50 per share, representing a discount of approximately 10.71% to the closing price of HK$1.68 on July 31, 2026.

The placement shares will account for about 9.29% of the company's existing issued share capital, and approximately 8.50% of the enlarged issued share capital after full allotment. The maximum gross proceeds from the placement are expected to be around HK$100 million, with net proceeds of approximately HK$97 million.

The company intends to use the net proceeds for several key initiatives: expanding its big data center business into the artificial intelligence-related facility sector, developing computing power services, research and development activities, and general working capital purposes.

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