Kingkey Financial International (HKG:1468) agreed to purchase 80% interest in Jakota Capital from Nobias Media at a maximum consideration of HK$103 million, a Tuesday Hong Kong bourse filing said.

The consideration for the deal will be satisfied through the issue of up to 705,479,452 shares at HK$0.146 apiece.

The shares represent roughly 28.89% of the securities broker's enlarged issued share capital.

The target firm is an investment service and advisory firm in Zurich, Switzerland.

Shares of the company were up nearly 7% in recent trade.