New Town Development agrees to issue shares to raise approximately HKD 50 million for the RWA sector.

According to a report by Jin10, New City Group announced on the Hong Kong Stock Exchange that the company agreed to issue approximately 19 million shares to Blockchain Metaverse Academy at a price of HKD 2.5845 per share. The subscribed shares account for about 0.27% of the expanded issued share capital; the subscription price is approximately 4.2% higher than the closing price of HKD 2.48; the total amount raised is approximately HKD 50 million. The funds raised will be used for strategic deployment in the field of real-world asset (RWA) applications.

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