The Hong Kong company allocated 450 million HKD for cryptocurrency projects.

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On August 29, 2025, International Business Settlement Holdings Limited (00147.HK) announced a plan for the issuance of approximately 2.782 billion new shares, raising a net of 500 million HKD to expand into the cryptocurrency and Web3 sector in Hong Kong.

This move shows the increasingly clear trend of traditional businesses seeking opportunities in digital assets, which promises to impact the market. However, the immediate reaction remains speculative due to a lack of information from regulatory agencies and industry organizations.

Mr. Yuen Leong, the CEO of the company, affirmed that this is an important step in the strategy for development into cryptocurrency and Web3. Currently, professional investors have expressed significant interest, but the market is still waiting for a detailed implementation plan along with official feedback from industry leaders.

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