International Commercial Digital Technology, a Hong Kong listed company, plans to raise approximately HK$99.72 million through a placement of shares, with about 20.06% allocated for the deployment of virtual asset service business.

BlockBeats news, on November 20, according to Zhitong Finance, the Hong Kong-listed company International Business Digital Technology (01782.HK) announced that on November 20, 2025, the company intends to place up to 28 million placement shares through a placement agent, with each placement share priced at HKD 3.60, representing a discount of approximately 8.86% compared to the closing price of HKD 3.95 per share reported on the Stock Exchange on the date of the placement agreement. The expected maximum net proceeds from the placement are HKD 99.72 million, of which approximately 65.18% will be used to develop three new technologies, which are expected to enable the company to provide innovative products and services to customers in the APM business sector, with all funds expected to be utilized by December 31, 2027; approximately 20.06% will be used to support the company's timely and orderly deployment of virtual asset service business in overseas markets after obtaining the necessary final regulatory approvals, and when expansion opportunities arise, with all funds expected to be utilized by December 31, 2027; approximately 14.76% will be used for the group's general working capital, with all funds expected to be utilized by December 31, 2027.