PANews reported on April 24 that according to AASTOCKS, Hong Kong Asia Holdings (01723.HK) announced that it would place up to 3.272 million new shares, equivalent to 0.81% of the enlarged share capital; the placement price was HK$4.01, a discount of 19.8% from the closing price of the previous trading day (23rd). The company will also issue convertible notes with a total principal amount of HK$5,237.76, with a term of three years and no interest. Based on the initial conversion price of HK$5 per convertible share, the total number of convertible shares to be allotted and issued due to the full exercise of the conversion rights attached to the convertible notes is 10.4755 million shares, equivalent to approximately 2.53% of the enlarged share capital. The above-mentioned placement of new shares and issuance of convertible notes raised a total of HK$65.4983 million, and the net proceeds of HK$64.1883 million are intended to be used as general working capital; as well as to seize potential investment opportunities that may arise in the future, explore opportunities for cryptocurrency investment and Web 3.0, or acquire digital assets such as Bitcoin.