Catenaa, Tuesday, October 07, 2025- Hong Kong–listed China Financial Leasing Group said it plans to raise HK$86.7 million ($11.1 million) through a share placement to develop a cryptocurrency and artificial intelligence investment platform.
The announcement sent the company’s shares up 25% by midday trading Monday in Hong Kong.
According to a filing with the Hong Kong Stock Exchange, the deal involves issuing 69.38 million new shares at HK$1.25 per share to Innoval Capital, a British Virgin Islands–registered firm founded by Antalpha CEO Moore Xin Jin.
The placement represents about 20% of China Financial Leasing’s existing shares and 16.7% of its enlarged capital after the transaction.
The company said the raised funds will support its plan to establish a “Crypto-AI digital asset investment platform” that will invest in digital asset exchanges and products, including stablecoins, Bitcoin, Ethereum, NFTs, DeFi, and tokenized real-world assets.
The project aligns with Hong Kong’s pro-crypto policy stance introduced in June, aiming to make the city a leading digital asset hub.
China Financial Leasing said it intends to evolve into an “innovative digital asset investment holding group” by combining AI with blockchain technology.
The company’s market capitalization stood at about HK$555 million ($71.3 million) after the surge, according to Yahoo Finance data.
