Gate.io Smart will raise HK$1.2 billion through a share placement

On February 19, Jinshi Data News, Hei Gate.io Intelligent announced on the Hong Kong Stock Exchange that it has agreed to issue 53.65 million new shares at a price of HK$23.20 per share. The net proceeds of HK$1.24 billion (US$160 million) will be used to support the Group’s research and development, strategic investments, and general working capital.

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