ChainCatcher news, Hong Kong listed company Yao Gao Holdings announced that it has conditionally agreed to place up to 24,000,000 placement shares through a placement agent to no fewer than six subscribers at a placement price of HKD 4.03 per placement share. 20% of the net proceeds from the placement, approximately HKD 18.9 million, will be used for general working capital and MetaSpaceX Web3 business.