Summary by Futu AI
On June 28, 2024, Kingkey Fin Int (Holdings) Co. announced that it had signed a supplementary agreement with the placement agent regarding the previously announced share placement, increasing the maximum number of new shares to be placed from 1 billion to 1.6 billion shares, equivalent to approximately 17.5% of the company's current issued share capital. The placement price has also been lowered from HKD 0.25 per share to HKD 0.15 per share, with a premium 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 resource investments, and supplement operating capital. After the placement, the proportion of public shareholders' holdings will decrease 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.