According to the Wisdom Finance APP, Kingkey Financial International (01468) opened more than 7%, and as of the publication, it rose by 7.77%, to HKD 0.208, with a turnover of HKD 8.6112 million.

In terms of news, Kingkey Financial International announced that the company intends to issue a maximum of 1 billion shares for distribution to no fewer than 6 placing agents, accounting for 9.8% of the enlarged share capital. The issue price per share is HKD 0.25, which is a premium of 29.5% over yesterday's closing price of HKD 0.193. The fundraising amount is HKD 250 million, and the net proceeds are approximately HKD 247.3 million, of which 22.6% is used to repay debts, 20.2% is used to develop the group's green resource investment business, and 57.2% is used to supplement its operating capital.

In addition, the company proposes to increase the company's authorized share capital from HKD 100 million (divided into 10 billion shares) to HKD 1 billion (divided into 100 billion shares) by adding 9 billion new shares. The increase in authorized share capital is subject to approval by ordinary resolution of the shareholders at the extraordinary general meeting of shareholders.