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JTF International Holdings Ltd. ( (HK:9689) ) has provided an update.
JTF International Holdings Limited has announced that substantial shareholder Thrive Era Investments Limited, wholly owned by executive director Ms. Xu Yayi, has entered into a placing agreement to sell up to 130,120,000 existing shares at HK$0.44 per share to independent investors on a best-efforts basis, with completion expected by 30 January 2026. The placing shares represent 13.99% of the company’s issued share capital, and upon completion Ms. Xu and Thrive Era will cease to be substantial shareholders, though Ms. Xu will remain an executive director; the board does not expect any adverse impact on the company’s operations, but has advised shareholders and potential investors to exercise caution when dealing in the shares.
More about JTF International Holdings Ltd.
JTF International Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 9689. The group is overseen by a board comprising executive and independent non-executive directors, with its executive leadership including Chairman and Executive Director Xu Ziming and Executive Director Xu Yayi, among others.
Average Trading Volume: 149,885
Technical Sentiment Signal: Buy
Current Market Cap: HK$409.2M
For a thorough assessment of 9689 stock, go to TipRanks’ Stock Analysis page.