Kingkey Financial Announces Major Share Acquisition

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

Kingkey Financial International (Holdings) Ltd. has conditionally agreed to acquire sale shares of a target company, involving the issue of approximately 93.79 million new shares, which will represent around 8.54% of its current issued capital. This transaction, valued at CHF 4.32 million, is significant enough to be classified as a discloseable transaction under the Hong Kong Listing Rules, triggering mandatory reporting and announcement requirements. Shareholders are advised to exercise caution as the completion of the deal is contingent on certain conditions, which, if unmet, may impede the transaction.

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