KNT Holdings Limited ( (HK:1025) ) has issued an update.
KNT Holdings Limited, a company incorporated in the Cayman Islands, has successfully completed a Rights Issue, offering three rights shares for every one share held. The Rights Issue was initially subscribed at 11.82%, with the remaining unsubscribed shares successfully placed at the subscription price. This resulted in gross proceeds of approximately HK$44 million, which will be used for investments in Southeast Asia, debt repayment, and general working capital. The shareholding structure of the company has significantly changed, with independent placees now holding a substantial portion of shares.
More about KNT Holdings Limited
YTD Price Performance: 82.00%
Average Trading Volume: 777,234
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$91.99M
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