Hong Kong-listed China Financial Leasing Group has announced plans to raise approximately HK$86.7 million via a share placement to Innoval Capital, aiming to build a cryptocurrency and AI-focused investment platform.
According to a Sunday filing with the Hong Kong Stock Exchange, Innoval Capital will subscribe to 69.38 million new shares at HK$1.25 each, representing about 20% of existing shares and 16.7% of the company’s enlarged share capital post-placement.
The investment firm, wholly owned by Mr. Moore Xin Jin, brings extensive experience in fintech and digital assets, which China Financial Leasing Group expects to leverage to accelerate its growth.
The subscription is also set to strengthen the company’s capital base and broaden its shareholder structure. Completion of the placement is subject to regulatory approvals and contractual conditions, and the company has advised investors to exercise caution when trading its shares.
While a launch date for the crypto platform has not been disclosed, the company is actively mobilizing resources to drive its Web3 ambitions, with a focus on AI and blockchain integration.
China Financial Leasing Group said it plans to evolve into an “innovative digital asset investment holding group” by investing in digital asset exchanges and building a digital asset management platform. This includes stablecoins, Bitcoin (BTC), Ethereum (ETH), NFTs, DeFi projects, RWAs, DePIN, and other emerging digital assets.
In line with the Hong Kong government’s Policy Statement 2.0 on digital asset development released in June 2025, the firm also intends to increase investments in AI and Web3 technology companies.
The subscription price was determined on an arm’s length basis, reflecting prevailing market conditions, the company’s financial position, and market share prices. Directors consider the terms fair and reasonable and said the move would provide additional financial resources to support the company’s future business development and growth.