Dexiang Real Estate has raised 70.56 million yuan through a share placement at a discount of over 16%, with approximately 30% allocated to support integration into the Web3 ecosystem for strategic transformation and upgrades.

2025-11-25 02:44:01

According to a report by Hong Kong media Dongwang on November 25, Deep Tide TechFlow announced that Dexiang Real Estate ( is issuing 100.8 million shares to The Reynold Lemkins Group ) Asia ( Limited ) at a subscription price of 0.7 yuan per share, which is a 16.67% discount from the last trading price of 0.84 yuan before the suspension, raising a total of 70.56 million yuan, with a net amount of 68.76 million yuan.

Of the net proceeds, (i) approximately 30% will be used to support the group's strategic transformation and upgrade of its traditional real estate business through integration into the Web3 ecosystem; (ii) approximately 25% will be used for selective acquisitions or investments in enterprises and projects highly synergistic with the group's strategic transformation, to enhance the group's capabilities in artificial intelligence, digitalization, blockchain, and other beneficial fields; (iii) approximately 25% will be used to expand strategic partnerships and geographic market coverage; and (iv) approximately 20% will be used for general working capital.

Dexiang Real Estate resumed trading this morning on the 25th, (. The ultimate beneficial owner of the subscriber is entrepreneur Liu Haoran.

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