Kingkey Financial extends acquisition deadline, sells fur business

Kingkey Financial International (Holdings) Limited has extended the long stop date for its acquisition of an 80% equity interest in Jakota Capital AG from September 30, 2025, to December 31, 2025. This extension is due to additional time required for fulfilling conditions precedent. Concurrently, the dispatch of the circular for this major transaction has been further delayed to on or before October 30, 2025, pushed back from July 28, 2025.

In a separate development, Kingkey Financial also announced the disposal of the entire issued share capital of Trade Region Limited. On September 30, 2025, the company agreed to sell the shares for a total of HK$10,000,000. Upon completion, Trade Region Limited will cease to be a subsidiary, and its financial results will no longer be consolidated.

The disposal is expected to result in a gain of approximately HK$222,000 for Kingkey Financial. This strategic move aims to mitigate risks associated with the fur business segment, which incurred a loss of approximately HK$27m for the year ended March 31, 2025, and allows the group to reallocate resources towards enhancing its financial services. Shareholders are advised to exercise caution as both the acquisition and disposal are subject to fulfillment of conditions and may or may not proceed.