Summary by Futu AI
Kingkey Fin Int (Holdings) Limited announced that, in order to accommodate the group's future expansion and growth, the board of directors proposed to increase the company's authorized share capital from HKD 100,000,000 to HKD 1,000,000,000 and to add 9,000,000,000 new shares. This proposal will be implemented after the shareholders approve the ordinary resolution at the special general meeting. In addition, on June 17, 2024, the company signed a placement agreement with Orient Securities International Holdings Limited to sell a maximum of 1,000,000,000 new shares to no fewer than six independent third-party placements through placement agents. The price per share will be HKD 0.25, with a premium of about 29.5% over the closing price on the date of signing. After the placement is completed, it is...Show More