Kingkey Financial to Acquire 6 Million Shares in SIX-listed Youngtimers

MT Newswires Live09-25 18:00

Kingkey Financial International (HKG:1468) agreed to acquire 6,000,000 shares of Youngtimers, a SIX Swiss Exchange-listed investment firm, from IndexAtlas for 4.32 million Swiss francs.

The consideration will be settled by issuing and allotting 93,786,894 new shares to the vendor at HK$0.423 apiece, a Tuesday filing with the Hong Kong Exchange said.

The shares to be acquired represent around 8.33% of the target's enlarged issued share capital.

The securities broker said it seeks to diversify its revenue streams through this acquisition and expects to utilize the target's expertise and network to expand its shareholder and capital base.

The company's shares closed almost 30% higher on Wednesday.

Price (HKD): $0.59, Change: $+0.14, Percent Change: +29.67%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2470231330?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-25 18:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2470231330","market":"hk","top_or_hot":-1,"title":"Kingkey Financial to Acquire 6 Million Shares in SIX-listed Youngtimers","media":"MT Newswires Live","content":"<html><body><p> Kingkey Financial International (HKG:1468) agreed to acquire 6,000,000 shares of Youngtimers, a SIX Swiss Exchange-listed investment firm, from IndexAtlas for 4.32 million Swiss francs.</p><p>The consideration will be settled by issuing and allotting 93,786,894 new shares to the vendor at HK$0.423 apiece, a Tuesday filing with the Hong Kong Exchange said.</p><p>The shares to be acquired represent around 8.33% of the target's enlarged issued share capital.</p><p>The securities broker said it seeks to diversify its revenue streams through this acquisition and expects to utilize the target's expertise and network to expand its shareholder and capital base.</p><p>The company's shares closed almost 30% higher on Wednesday.</p><p>Price (HKD): $0.59, Change: $+0.14, Percent Change: +29.67%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kingkey Financial to Acquire 6 Million Shares in SIX-listed Youngtimers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKingkey Financial to Acquire 6 Million Shares in SIX-listed Youngtimers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-25 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kingkey Financial International (HKG:1468) agreed to acquire 6,000,000 shares of Youngtimers, a SIX Swiss Exchange-listed investment firm, from IndexAtlas for 4.32 million Swiss francs.The ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2470231330","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470231330","pubTimestamp":1727258432,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Kingkey Financial International  agreed to acquire 6,000,000 shares of Youngtimers, a SIX Swiss Exchange-listed investment firm, from IndexAtlas for 4.32 million Swiss francs.The consideration will be settled by issuing and allotting 93,786,894 new shares to the vendor at HK$0.423 apiece, a Tuesday filing with the Hong Kong Exchange said.The shares to be acquired represent around 8.33% of the target's enlarged issued share capital.The securities broker said it seeks to diversify its revenue streams through this acquisition and expects to utilize the target's expertise and network to expand its shareholder and capital base.The company's shares closed almost 30% higher on Wednesday.Price : $0.59, Change: $+0.14, Percent Change: +29.67%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","BK4216":"消闲设施","SIX":"Six Flags Entertainment Corp","BK4526":"热门中概股","01468":"京基金融国际","HKD":"尚乘数科","BK1181":"经销商","BK4585":"ETF&股票定投概念","BK1138":"综合性资本市场","BK4588":"碎股"},"translate_title":"京基金融将收购六家上市公司Youngtimers 600万股股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HKD":1,"SIX":1,"01468":0.9},"content_text":"Kingkey Financial International (HKG:1468) agreed to acquire 6,000,000 shares of Youngtimers, a SIX Swiss Exchange-listed investment firm, from IndexAtlas for 4.32 million Swiss francs.The consideration will be settled by issuing and allotting 93,786,894 new shares to the vendor at HK$0.423 apiece, a Tuesday filing with the Hong Kong Exchange said.The shares to be acquired represent around 8.33% of the target's enlarged issued share capital.The securities broker said it seeks to diversify its revenue streams through this acquisition and expects to utilize the target's expertise and network to expand its shareholder and capital base.The company's shares closed almost 30% higher on Wednesday.Price (HKD): $0.59, Change: $+0.14, Percent Change: +29.67%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470231330"}