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Kingkey Financial International (Holdings) Ltd. ( (HK:1468) ) has issued an update.
Kingkey Financial International (Holdings) Limited, a company incorporated in the Cayman Islands, has entered into a Subscription Agreement to acquire approximately 1.252% of the issued share capital of an independent third-party issuer. The transaction involves a consideration of approximately US$12.0 million, translating to a subscription price of US$2.09 per share. This acquisition will not consolidate the financial results of the issuer into Kingkey Financial’s accounts. The shares acquired are eligible for conversion into American Depositary Receipts traded on NASDAQ Global Market. The transaction is classified as a discloseable transaction under the Listing Rules, necessitating reporting and announcement requirements.
More about Kingkey Financial International (Holdings) Ltd.
Average Trading Volume: 19,308,695
Technical Sentiment Signal: Sell
Current Market Cap: HK$451.6M
Learn more about 1468 stock on TipRanks’ Stock Analysis page.