PANews reported on October 21st that according to an announcement on the Hong Kong Stock Exchange, Delin Holdings announced a placement of 255 million shares on a first-up, then-new basis, representing approximately 15.15% of the company's existing issued share capital and approximately 13.16% of the enlarged issued share capital. The shares represent a discount of approximately 11.34% to the previous closing price of HK$3.44. Delin Holdings has reportedly entered into a subscription agreement with the subscriber, Changqing Wealth Investment Limited, to allot and issue up to 63.803 million new shares. The net proceeds will total HK$956 million, which will be used to strengthen its Bitcoin mining and digital reserve business, as well as for development and investment.