The Hong Kong listed company, Jiami Technology, plans to issue new shares for fundraising in order to develop a DEX aggregator and on-chain data analysis platform

According to an announcement by the Hong Kong Stock Exchange, Hong Kong-listed company Jia Mi Technology has announced the authorized allotment of new shares. The funds raised are intended for the development of Web 3.0 businesses, including developing on-chain data analysis platforms and organizing DEX aggregators for decentralized exchange quotations. It is reported that the net proceeds from the allotment are expected to be approximately HKD 33,272,000 with an estimated allocation of about HKD 11,646,000 for developing DEX aggregators and on-chain data analysis platforms.