PANews reported on July 17 that the Hong Kong-listed company Fourth Paradigm announced on the Hong Kong Stock Exchange today (before the trading hours of the Hong Kong Stock Exchange)PANews reported on July 17 that the Hong Kong-listed company Fourth Paradigm announced on the Hong Kong Stock Exchange today (before the trading hours of the Hong Kong Stock Exchange)

Fourth Paradigm plans to place 25.9 million shares to raise more than HK$1.3 billion for RWA, stablecoin and other fields

2025/07/17 08:49
1 min read

PANews reported on July 17 that the Hong Kong-listed company Fourth Paradigm announced on the Hong Kong Stock Exchange today (before the trading hours of the Hong Kong Stock Exchange) that the company has entered into a subscription agreement with the subscriber, pursuant to which the subscriber has conditionally agreed to subscribe and the company has conditionally agreed to allot and issue a total of 25.9 million subscription shares, with a subscription price of HK$50.50 per share, for a total consideration of approximately HK$1,307,950,000. The announcement stated that the net proceeds from the subscription were approximately HK$1,306.18 million, 50% of which was used for R&D investment in products and solutions with full-range artificial intelligence capabilities in emerging fields such as embodied intelligence, smart devices, blockchain, real-world assets (RWA) and stablecoins; 40% was used for global business expansion and potential mergers and acquisitions in emerging fields such as embodied intelligence, smart devices, blockchain, real-world assets (RWA) and stablecoins; and 10% was used for general corporate purposes.

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