KNT Holdings completes HK$8.60 million placing, issues 43 million new shares

Bulletin Express
Aug 18

KNT Holdings Limited announced the completion of its share placing on 18 August 2026, issuing 43.00 million new shares at HK$0.20 each under its existing general mandate.

The placement raised gross proceeds of HK$8.60 million and net proceeds of approximately HK$8.24 million, or HK$0.192 per share after fees. All net proceeds are earmarked as general working capital to cover operating, staff, rental and professional expenses.

Post-transaction, the company’s issued share capital expanded from 404.37 million to 447.36 million shares. The 43.00 million new shares represent:

• 10.63% of pre-placement share capital • 9.61% of enlarged share capital

The shares were distributed to not fewer than six independent third-party investors, none of whom became a substantial shareholder.

Updated shareholding structure: • Strategic Elite Limited (beneficial owner: Mr. Chong Sik): 2.64% • Total Clarity Investments Limited (beneficial owner: Mr. Chong Pun): 0.001% • Placees: 9.61% • Other public shareholders: 87.75%

The board comprises four executive directors, including Chairman Mr. Chong Sik, and four independent non-executive directors.

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