CN INT DEV CORP issues shares at a 17% premium, valuing the investment in RWA tokenization business at 100 million

CN INT DEV CORP (00264.HK) announced the acquisition of a 20% stake in NVTH Limited from an independent third party, NVTSH Limited, which primarily engages in blockchain-based real-world asset (RWA) tokenization technology infrastructure platforms, for a consideration of HKD 100 million, including HKD 40 million in cash; and through the issuance of 42.25 million consideration shares at an issue price of HKD 1.42, representing a premium of 17.36% over the last trading day (21st).

At the same time, it will place 44 million new shares at the same price per share, raising a net amount of HKD 60.9 million, of which HKD 40 million will be used to pay the cash portion of the consideration; the balance will be allocated for general working capital