kingkey fin int (Holdings) Limited ("the Company") announced on September 24, 2024, that it has reached an agreement with the seller IndexAtlas AG, conditionally agreeing to purchase the available shares of the target company Youngtimers AG for 4.32 million Swiss francs (approximately 39.67 million Hong Kong dollars). The transaction will be paid through the issuance and distribution of 93,786,894 consideration shares at a price of HK$0.423 per share. These consideration shares will represent approximately 7.86% of the Company's enlarged issued share capital. The Company will apply for the listing of the consideration shares on The Stock Exchange of Hong Kong Limited ("the Exchange"). As the applicable percentage for the transaction exceeds 5% but is less than 25%, pursuant to Chapter 14 of the Listing Rules, disclosure of the...Show More

kingkey fin int (Holdings) Limited ("the Company") announced on September 24, 2024, that it has reached an agreement with the seller IndexAtlas AG, conditionally agreeing to purchase the available shares of the target company Youngtimers AG for 4.32 million Swiss francs (approximately 39.67 million Hong Kong dollars). The transaction will be paid through the issuance and distribution of 93,786,894 consideration shares at a price of HK$0.423 per share. These consideration shares will represent approximately 7.86% of the Company's enlarged issued share capital. The Company will apply for the listing of the consideration shares on The Stock Exchange of Hong Kong Limited ("the Exchange"). As the applicable percentage for the transaction exceeds 5% but is less than 25%, pursuant to Chapter 14 of the Listing Rules, disclosure of the transaction is required. A special general meeting of shareholders will be convened to approve the agreement and transaction, including the special authorization for the issuance of the consideration shares. Completion of the transaction is subject to the satisfaction of the conditions precedent under the agreement, and there is no guarantee that the transaction will proceed. The Company is primarily engaged in financial services business, while the target company Youngtimers AG is a Swiss listed company focusing on investments in small and medium-sized listed stocks. The Company believes that this acquisition will help drive business growth and diversify sources of revenue.