KNT Holdings Limited (HK:1025) has released an update.
KNT Holdings Limited has announced a significant share subscription agreement that will result in the issuance of approximately 168.48 million new shares at a price of HK$0.1 each, representing a 20% increase in existing capital and a 16.67% post-issue capital. The company is expected to raise about HK$16.8 million in gross proceeds, which will be used as general working capital. Shareholders are advised to exercise caution as the completion of the subscription is subject to certain conditions.
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