Bit Yuan Universe has completed the new share allocation, with a net proceeds of 14.6 million Hong Kong dollars intended to be used for applying for a virtual asset trading platform license

According to documents from the Hong Kong Stock Exchange, the Hong Kong-listed company Bit Yuan Universe announced that it has completed the allotment of new shares under general authorization. All conditions in the allotment agreement were met on March 26th, with a total of 36,504,000 allotted shares sold at HK$0.41 per share to no less than six subscribers. The net proceeds from this allotment are approximately HK$14.6 million, which will be used for applying for relevant licenses required to operate a virtual asset trading platform.