Kingkey Financial International (Holdings) Ltd. (HK:1468) has released an update.
Kingkey Financial International (Holdings) Limited has amended its placing agreement, increasing the number of new shares to be placed from 1 billion to 1.6 billion and reducing the placing price from HK$0.25 to HK$0.15 per share. This move represents significant changes in the company’s capital allocation strategy, with the revised placing aimed at generating gross proceeds of approximately HK$240 million. Directors of the company believe the adjusted terms are in the best interests of the company and its shareholders under current market conditions.
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