Understanding the Market | KINGKEY FIN INT rose over 20% in early trading, spending USD 12 million to subscribe to Amber International shares
KINGKEY FIN INT rose over 20% in early trading, and as of the time of writing, it has increased by 14%, trading at HKD 0.285, with a transaction volume of HKD 4.9966 million. In terms of news, KINGKEY FIN INT announced that on June 30, 2025 (after trading hours), the company entered into a subscription agreement with the issuer Amber International Holding Limited, under which the issuer agrees to issue and the company agrees to subscribe for the subscription shares at a cost of approximately USD 12 million. The subscription price for the subscription shares is USD 2.09 per share. It is reported that the subscription shares consist of 5.7416 million A-class ordinary shares issued by the issuer, each with a par value of USD 0.001. The announcement states that the subscription is a strategic financial investment that aligns with the group's recent plans, including the establishment of an investment committee to oversee digital asset opportunities. This investment is expected to diversify the company's portfolio and enter the institutional crypto services sector, consistent with its previously voluntarily disclosed announcement regarding the exploration of digital assets
According to Zhitong Finance APP, KINGKEY FIN INT (01468) rose over 20% in early trading, and as of the time of writing, it has increased by 14%, trading at HKD 0.285, with a transaction volume of HKD 4.9966 million.
In terms of news, KINGKEY FIN INT announced that on June 30, 2025 (after trading hours), the company entered into a subscription agreement with the issuer Amber International Holding Limited, under which the issuer agrees to issue and the company agrees to subscribe for the subscription shares at a price of approximately USD 12 million. The subscription price for the subscription shares is USD 2.09 per share.
It is reported that the subscription shares consist of 5.7416 million A-class ordinary shares with a par value of USD 0.001 each issued by the issuer.
The announcement stated that the subscription is a strategic financial investment that aligns with the group's recent plans, including the establishment of an investment committee to oversee digital asset opportunities. This investment is expected to diversify the company's portfolio and enter the institutional cryptocurrency services sector, consistent with its previously voluntarily disclosed announcement regarding the exploration of digital assets
