Kingkey Financial Announces Major Acquisition with Share Issuance

Kingkey Financial International (Holdings) Ltd. ( (HK:1468) ) has issued an update.

Kingkey Financial International (Holdings) Limited has announced a major transaction involving the acquisition of an 80% equity interest in a target company, valued at a maximum consideration of HK$103,000,000. This acquisition will be satisfied through the issuance of up to 705,479,452 consideration shares, representing a significant increase in the company’s total issued shares. The transaction is classified as a major transaction under the Hong Kong Stock Exchange’s listing rules, requiring shareholder approval. The completion of this acquisition is contingent upon meeting certain conditions, and stakeholders are advised to exercise caution as there is no guarantee that these conditions will be fulfilled.

More about Kingkey Financial International (Holdings) Ltd.

YTD Price Performance: -73.48%

Average Trading Volume: 99,988,425

Technical Sentiment Signal: Buy

Current Market Cap: HK$317.8M

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