Kingkey Fin Int completes target company sale shares acquisition

Kingkey Financial International (Holdings) Limited (HKEX: 1468) announced the completion of its previously proposed acquisition of sale shares of a target company. The acquisition involved the issuance of consideration shares under a specific mandate approved by shareholders at an extraordinary general meeting (EGM) held on January 22, 2025. As per the revised agreement, the company allotted and issued 93,786,894 new shares to the vendor at HK$0.423 per share on February 11, 2025. This represents approximately 5.40% of the company’s enlarged issued share capital immediately after the issuance. Following the completion, public shareholders now hold 94.60% of the company, while the vendor holds 5.40%. The company confirmed the fulfillment of all conditions under the agreement on January 24, 2025.