HK Stock Market Move | C FIN INT INV(00721) rose more than 21% and issued new shares to introduce PHANCY.

C FIN INT INV (00721) rose more than 21%, as of the time of publication, it rose by 21.05%, closing at 0.069 Hong Kong dollars, with a turnover of 25.98 million Hong Kong dollars. In terms of news, C FIN INT INV announced the introduction of strategic investors and the issuance of a total of 2.194 billion new shares to PHANCY, equivalent to an expanded share capital of 16.67%; with a price of 0.04 Hong Kong dollars per share, a discount of 29.82% compared to the closing price on March 11. The net amount raised is 87.27 million Hong Kong dollars, intended primarily for future investments in financial assets and virtual assets. At the same time, 25.01 billion warrants were issued to PHANCY and two related parties, Wong Sai Wai and Lau Wing Hing, at a subscription price of 0.005 Hong Kong dollars, with an exercise price of 0.058 Hong Kong dollars, implying a total cost of 0.063 Hong Kong dollars, at a premium of 10.53% compared to the closing price on March 11. The net amount raised is 11.51 million Hong Kong dollars.