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Loto Interactive Issues Convertible Bonds to Raise Approximately HK$273 Million to Support RWA Tokenization Framework Development

15 hours ago

November 2nd. As per the announcement from the Hong Kong Stock Exchange, the Hong Kong-listed company Lion Rock Group has disclosed that it is going to issue Mortgage-Backed Convertible Bonds maturing in 2026 in order to raise approximately HK$273 million (US$35 million). The company has reached an agreement with the asset management firm LMR Partners to subscribe to the relevant bonds. The ultimate net proceeds from the offering amount to approximately $33,565,000 (around HK$260,800,000), and these funds will be utilized to support its development of a digital finance and Real World Asset (RWA) tokenization framework.
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