Kinetic Dev Boosts Share Base to 8.60 Billion Following HK$ 313.59 Million Placement

Bulletin Express07-02 09:25

Kinetic Development Group Limited (abbreviated as Kinetic Dev) reported a 2.01% month-on-month expansion in its issued share capital for June 2026, according to the company’s latest monthly return filed with Hong Kong Exchanges and Clearing Limited.

The total number of issued ordinary shares rose by 169.51 million to 8.60 billion as of 30 June 2026. The increase stemmed exclusively from a placement of new shares on 10 June 2026 executed under the existing general mandate. The shares were placed at HK$ 1.85 each, implying gross proceeds of approximately HK$ 313.59 million.

Authorised share capital remained unchanged at 500.00 billion ordinary shares with a par value of USD 0.001, equivalent to USD 500.00 million. Following the latest issuance, only 1.72% of the company’s authorised share capital has been issued.

No treasury shares were held during the period, and no share options, warrants, convertibles, or other equity-linked instruments were exercised or cancelled. The company also confirmed that its public float continues to meet the minimum 25% threshold required under the Main Board Listing Rules.

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