Kingkey Fin Int Holdings Limited ("Kingkey Fin") announced that the subscription price for its non-underwritten rights issue has been revised from HK$0.91 per share to HK$0.76 per share. The revision reflects the downward trend in the closing price of the shares since the announcement on October 18, 2024. The new subscription price represents a discount of approximately 2.56% to the closing price per share of HK$0.78 on the announcement date, and a discount of approximately 6.17% to the average closing price of the five trading days prior to the announcement date. The board of directors believes that adjusting the subscription price can better reflect market conditions, encourage shareholders to participate in the rights issue, and align with the overall interests of the company...Show More

Kingkey Fin Int Holdings Limited ("Kingkey Fin") announced that the subscription price for its non-underwritten rights issue has been revised from HK$0.91 per share to HK$0.76 per share. The revision reflects the downward trend in the closing price of the shares since the announcement on October 18, 2024. The new subscription price represents a discount of approximately 2.56% to the closing price per share of HK$0.78 on the announcement date, and a discount of approximately 6.17% to the average closing price of the five trading days prior to the announcement date. The board of directors believes that adjusting the subscription price can better reflect market conditions, encourage shareholders to participate in the rights issue, and align with the overall interests of the company and shareholders. The net proceeds from the rights issue are expected to be HK$416.51 million, which will be used for expanding securities business, financing debt financing business, and as general working capital. The specific use of the proceeds from the rights issue will be allocated according to the proportion of the net proceeds.