The Zhitong Finance App learned that HKE HOLDINGS (01726) continued to rise, rising about 5% near the end of the session, hitting a new high in 13 months, and the stock price has risen 76% since January. According to the company, it plans to use 24% of the money raised from this premium placement as working capital for its virtual asset trading platform Hong Kong BGE Limited. As of press release, HKE HOLDINGS rose 5.44% to HK$155, with a market capitalization of HK$1,488 million.

This week, HKE HOLDINGS issued a supplementary announcement stating that it intends to use 24% of the money raised from this placement as working capital for its virtual asset trading platform Hong Kong BGE Limited. According to the company, Hong Kong BGE Limited submitted a license application to the supervisory authority last year. In January of this year, HKE HOLDINGS disclosed that it plans to place a maximum of 90 million shares at a premium of about 8.25%. The shares account for about 9.38% of the company's issued share capital. It is estimated that the placement will net raise about HK$93.56 million.