KNT Holdings Limited (HK:1025) has released an update.
KNT Holdings Limited is in discussions to form a joint venture with a state-owned enterprise from Shandong Province, China, aiming to enter the multinational e-commerce market with products like textiles and agricultural goods, thus diversifying the group’s income. Additionally, the company is contemplating various fund-raising initiatives, such as issuing new shares or rights issues, to support its business strategy; however, no definitive agreements have been made at this time. Investors are advised to be cautious as these plans are still in the preliminary stages and may not proceed.
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