Kingkey Fin Int (Holdings) Limited ("Kingkey Fin Int") announced a rights issue, based on the ratio of one new share for every two shares held, at a subscription price of HK$0.91 per share, with a maximum of 596,250,787 shares to be issued, expected to raise approximately HK$542.59 million (before expenses). The rights issue is available only 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, and general working capital. The rights issue will be conducted on a non-underwritten basis, with no minimum subscription requirement. Once the rights issue shares are distributed, issued, and fully paid, they will have the same rights as existing shares...Show More

Kingkey Fin Int (Holdings) Limited ("Kingkey Fin Int") announced a rights issue, based on the ratio of one new share for every two shares held, at a subscription price of HK$0.91 per share, with a maximum of 596,250,787 shares to be issued, expected to raise approximately HK$542.59 million (before expenses). The rights issue is available only 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, and general working capital. The rights issue will be conducted on a non-underwritten basis, with no minimum subscription requirement. Once the rights issue shares are distributed, issued, and fully paid, they will have the same rights as existing shares. Shareholders must be registered as company shareholders by the end of the record date business hours and not be ineligible shareholders to qualify for participation in the rights issue. Share transfer registration will be suspended from November 18 to 22, 2024. Rights issue conditions include approval for the listing and trading of rights issue shares by the Listing Committee of the Stock Exchange of Hong Kong and others. If the conditions are not met, the rights issue will not proceed. Shareholders and potential investors should be aware of the risks associated with the rights issue and seek advice from professional consultants.