Kingkey Financial International (Holdings) (HKG:1468) has completed the placing of 183,119,113 shares to at least six investors at HK$0.41 apiece, raising net proceeds of HK$74.1 million, a Monday bourse filing said.
The shares represent around 16.7% of the company's issued share capital following the completion of the placing.
The securities broker will use proceeds from the placement to invest in and finance green energy and AI projects and replenish working capital.
Shares of the firm were up 7% in recent trade.
Price (HKD): $0.46, Change: $+0.030, Percent Change: +7.06%
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