Summary by Moomoo AI
Kingkey Fin Int (Holdings) Limited ("Kingkey Fin Int") announced that it will carry out a rights issue, with a basis of one rights share for every two shares held, at a subscription price of HK$0.91 per share. A maximum of 596,250,787 rights shares will be issued, expected to raise approximately HK$542.59 million (before expenses). The rights issue is only open to eligible shareholders and will not be offered to ineligible shareholders. The company plans to use the net proceeds for expanding securities business, debt financing activities, and as general working capital. The rights issue will be conducted on a non-underwritten basis, with no minimum subscription requirement. Once the rights shares are distributed, issued, and fully paid up, they will have...Show More