Jakota Capital slashes acquisition value and stake in Jakota Capital AG

Jakota Capital (Holding) Group, formerly Kingkey Financial International (Holdings) Limited, announced on November 21, 2025, a supplemental agreement to its acquisition of Jakota Capital AG. The original acquisition of an 80% equity interest for HK$103m has been revised. The company will now acquire a 51% equity interest, represented by 51 ordinary shares, for a revised consideration of HK$50.714m. This consideration will be satisfied by the issuance of 347,356,164 new shares at an issue price of HK$0.146 per share.

The revised consideration represents a significant discount of approximately 53.37% compared to the estimated market value of the revised sale shares. The issue price of HK$0.146 per share also represents a 7.48% discount to the average closing price over the last five trading days and a 71.43% discount to the group’s unaudited consolidated net asset value per share as of March 31, 2025.

Following the revisions, the acquisition's classification has changed from a major transaction to a discloseable transaction under Chapter 14 of the Listing Rules. The issuance of the 347,356,164 revised consideration shares under the general mandate represents approximately 20.00% of the existing issued shares and 16.67% of the enlarged share capital. The company confirms it has not yet utilized its general mandate.