Hong Kong financial technology company K Cash plans to raise 281.8 million yuan and will join the blockchain platform Riverchain
According to a report by Hong Kong 01, Hong Kong fintech company K Cash announced plans to list on the Hong Kong Stock Exchange's main board. They plan to raise up to HKD 281.8 million by selling 125 million shares on November 27. K Cash will become the first company to list on the new stock settlement platform (FINI) of the Hong Kong Stock Exchange.In addition, K Cash's Chairman and CEO, Li Gentai, revealed that K Cash has reached a cooperation agreement with River Square, a wholly-owned subsidiary of New World Development, to join its blockchain platform, Riverchain, and will be launched before the end of this year.
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