KNT Holdings Initiates Discounted Share Placement

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

KNT Holdings Limited has announced a new share placement through Tiger Faith Securities Limited, aiming to issue up to 168,486,000 new shares at HK$0.0315 each, representing about 16.67% of its enlarged issued share capital. The placement, set at a discount from recent closing prices, is conditional upon approval from the Stock Exchange’s Listing Committee, with potential gross proceeds of HK$5.31 million. Investors are cautioned as the deal’s completion is subject to certain conditions being met.

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