Kingkey Financial International (Holdings) Ltd. (HK:1468) has released an update.
Kingkey Financial International (Holdings) Ltd. has announced an increase in the number of new shares to be placed from 1.6 billion to 2.5 billion, which will constitute up to 27.3% of the existing share capital and 21.4% post-issue. Additionally, the placing price per share has been reduced from HK$0.15 to HK$0.09, a discount based on recent closing prices and negotiated in consideration of current market conditions. These amendments aim to align with the company’s interests and the overall benefit of shareholders.
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