New City Development has agreed to issue shares to raise approximately HKD 50 million for the RWA sector.

By: theblockbeats.news|2025/09/01 09:22:26

BlockBeats News, September 1st, New Century Group announced on the HKEX that the company has agreed to issue approximately 19 million shares to Blockchain Metaverse Academy at a price of HK$2.5845 per share.

The subscription shares account for approximately 0.27% of the enlarged issued share capital; the subscription price represents a premium of approximately 4.2% over the closing price of HK$2.48; the total amount raised is approximately HK$50 million. The raised funds will be used for strategic deployment in the Real World Asset (RWA) application field. (Jinse Finance)

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