Summary by Moomoo AI
Kingkey Fin Int (Holdings) Co., Ltd. (Kingkey Fin Int) announced on September 3, 2024 that the company has signed a placement agreement with the placement agent, Eastern Wealth Securities Co., Ltd., to distribute a maximum of 183,119,113 new shares to no fewer than six independent third parties based on best efforts, at a placement price of HK$0.41 per share. The placement shares represent 20% of the total issued shares of the company's existing shares, and approximately 16.67% of the total issued shares after the expansion. If the placement is successful, the estimated total amount of proceeds will be HK$75,080,000, and after deducting the related expenses, the net amount will be approximately HK$74,120,000. The company plans to invest approximately 20% of the net proceeds in green...Show More