KNT Holdings Limited announced a second supplemental letter with its placing agent on 17 July 2026 to extend the long-stop date for its proposed placing of new shares under general mandate from 17 July 2026 to 28 July 2026, allowing additional time to satisfy outstanding conditions precedent.
The planned placing price remains HK$0.20 per share, representing: • a 0.50% discount to the HK$0.201 closing price on the date of the second supplemental letter; and • a 6.54% discount to the average closing price of approximately HK$0.214 over the preceding five trading days.
Except for the revised long-stop date, all other terms of the placing agreement are unchanged. Completion of the transaction remains conditional on fulfilment of the agreed conditions; the company cautioned shareholders and investors that the placing may or may not proceed.
The board currently comprises four executive directors—Chairman and Executive Director Chong Sik, Chong Pun, Tsui Wing Tak and Wu Zongmei—and four independent non-executive directors: Lau Koong Yep, Yuen King Sum, Chan Kai Chung and Chan Kwan Yung.