According to the WiseNews APP, Kingkey Financial International (01468) rose nearly 13% and rose 12.94% to HKD0.192 with a turnover of HKD100 million as of press time.

On the news front, Kingkey Financial International announced that on June 6th, in accordance with the final order of the Cayman Court, the joint provisional liquidators have been discharged from their appointment with the Company; the petition has been dismissed; and the Company is no longer in provisional liquidation. In addition, with the consent of the joint provisional liquidators, the Company has completed a reorganization to improve its financial situation and resolve major issues, including internal conflicts among directors and complaints received by the Company. It is reported that the Company had previously attracted five debt repayment requests and one liquidation petition due to internal problems.