Nine Chapters Investment (9636.HK) raised a net amount of approximately HK$746.00 million and plans to invest in RWA, stablecoin and other businesses.

According to the Hong Kong Stock Exchange announcement, Hong Kong-listed company Jiu方智投 (9636.HK) announced its intention to place up to 20,000,000 shares at a price of HKD 39.25 per share, with expected net proceeds of approximately HKD 746,000,000. The funds will be mainly used to develop an on-chain financial ecosystem, including strategic investments in RWA underlying assets, digital asset exchanges, digital asset trust banks, and stablecoin operating entities. [Wu Blockchain]