Summary by Futu AI
On July 12, 2024, Kingkey Fin Int announced that it had signed a second supplementary agreement with its placement agent to increase the number of new shares originally scheduled for placement from 0.16 billion shares to 0.25 billion shares, equivalent to approximately 27.3% of the company's existing issued share capital, and to adjust the offering price from HKD 0.15 per share to HKD 0.09 per share. After the completion of the placement, it is expected to raise a net amount of approximately HKD 0.2225 billion, which will be used for debt repayment, green resource investments and supplementing operating capital. The board of directors believes that the revised placement terms and price are fair and reasonable under the current market conditions and consistent with the overall interests of the company and shareholders. Shareholders and potential investors should proceed with caution, as the placement may not necessarily proceed.