Seazen to issue 19M shares at HK$2.5845 each

Seazen to issue 19M shares at HK$2.5845 each

Seazen Group, a prominent Chinese property developer, has announced plans to issue 19 million shares at HK$2.5845 each. This move comes amidst a broader trend of real-world asset (RWA) tokenization in the sector, aimed at enhancing liquidity and raising funds [1].

The Shanghai-based firm has been exploring the feasibility of tokenizing its intellectual property resources and asset income through its newly established Seazen Digital Assets Institute. This initiative is a significant step for a major Chinese developer, as it marks the first instance of a Chinese property company raising funds through tokenization [1].

Seazen Group's financial health has been deemed sound, as evidenced by its recent $300 million dollar bond sale, the first such deal from a private Chinese developer since 2023 [1]. The company has also been working on launching non-fungible token (NFT) products related to its Wuyue Plaza investment properties by the end of this year [1].

The share issuance is expected to provide Seazen Group with the necessary capital to continue its digital transformation and explore new avenues for growth. As the real estate sector continues to grapple with liquidity challenges, innovative financing methods like tokenization are gaining traction as potential solutions [1].

References:

[1] Clare Jim, "Chinese property developer Seazen sets up digital assets institute," Yahoo News, July 02, 2025.