KNT Holdings Announces HK$44 Million Rights Issue

KNT Holdings Limited (HK:1025) has released an update.

KNT Holdings Limited plans to raise approximately HK$44 million through a rights issue, offering three new shares for every existing share held, with a subscription price of HK$0.29 per share. The proceeds are expected to be used for investments in Southeast Asia, debt repayment, and general working capital. The rights issue will proceed without underwriting, and shares will rank equally with existing shares once fully paid.

For further insights into HK:1025 stock, check out TipRanks’ Stock Analysis page.