Kingkey Financial International (HKG:1468) has terminated an agreement with a placing agent to place up to 1 billion shares to at least six independent investors, a Monday bourse filing said.
The securities broker said that the move came about due to market conditions.
The company announced the share placement plan in June.
Shares of the company closed nearly 8% lower on Tuesday.
Price (HKD): $0.07, Change: $-0.01, Percent Change: -7.69%
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