Yunfeng Financial raised approximately HK$1.17 billion through a rights issue to support the launch of comprehensive virtual asset trading services

According to Zhitong Finance, Yunfeng Financial (stock code: 00376.HK) recently announced the successful issuance of 191 million new shares at a price of HK$6.10 per share through a "pre-owned" placement.

Yunfeng Financial raised approximately HK$1.17 billion through this placement. The company stated that the placement aims to expand its shareholder and capital base, further enhance market liquidity, and effectively optimize its equity structure.

The funds raised will primarily be used to support the upgrade of the group's system infrastructure, strengthen its talent team, and meet capital requirements for related businesses, including the planned launch of comprehensive virtual asset trading services and investment management services related to virtual assets.

Notably, Yunfeng Financial has previously received approval from the Hong Kong Securities and Futures Commission (SFC) to officially launch virtual asset trading services.

This financing is seen as a key step in the group's strategic development, not only strengthening its financial strength but also providing solid financial support for future expansion into emerging financial businesses such as virtual assets.

Market opinion believes that this placement reflects Yunfeng Financial's determination to actively seize the development opportunities in Hong Kong's virtual asset market, and is expected to further consolidate its competitiveness and influence in the fields of financial technology and asset management.