KNT Holdings Limited (HK:1025) has released an update.
KNT Holdings Limited has successfully completed a placement of 168,486,000 new shares, generating net proceeds of approximately HK$4.9 million. These funds are earmarked for general working capital and loan repayments. The placement represents about 16.67% of the company’s issued share capital, reflecting a strategic move to strengthen its financial position.
For further insights into HK:1025 stock, check out TipRanks’ Stock Analysis page.