HK Stock Market Move | C FIN INT INV (00721) rose by more than 30% again this morning after announcing the introduction of new shares to PHANCY.

C FIN INT INV (00721) rose by over 30% again this morning, closing up 38.6% yesterday. As of the time of writing, it is up 16.46%, trading at 0.092 Hong Kong dollars with a turnover of 1039.16 million Hong Kong dollars. On the news front, on the evening of March 11, C FIN INT INV announced the introduction of strategic investors, issuing a total of 2.194 billion new shares to PHANCY, representing an increase in post-expansion share capital of 16.67%; priced at 0.04 Hong Kong dollars per share, a discount of 29.82% from 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 Ying and Lau Wing Hing, at an issue price of 0.005 Hong Kong dollars, with an exercise price of 0.058 Hong Kong dollars, with a total cost of 0.063 Hong Kong dollars, a premium of 10.53% over the closing price on March 11. The net amount raised is 11.51 million Hong Kong dollars.