Summary by Moomoo AI
On June 28, 2024, Kingkey Fin Int (Holdings) Limited announced that it had signed a supplemental agreement with the placement agent on the previously announced share placement, increasing the maximum number of new shares to be placed from 1,000,000,000 to 1,600,000,000, equivalent to approximately 17.5% of the company's existing issued share capital. The placement price was also lowered from HKD 0.25 per share to HKD 0.15 per share, with premiums ranging from 33.93% to 2.18%. The placement is expected to raise a net amount of approximately HKD 237.4 million, which will be used to repay debts, develop green resources investment, and supplement operating capital. After the placement, the proportion of public shareholders' holdings will be reduced from 100% to 85.1%, while the underwriter will hold 14.9% of the shares. Shareholders and potential investors should note that the placement is subject to certain conditions and is not guaranteed to proceed.
