Kingkey Financial International (Holdings) Limited announced a private placement of convertible bonds of principal amount of HKD 1,000,000,000 on September 18, 2023. The bonds have a coupon rate of 2% and will be convertible into common shares of the company at a conversion price of HKD 1.254 per share. The transaction is expected to close on October 9, 2023.

The transaction has been approved by the shareholders of the company.