Kin Tai Fung International Holdings Limited (09689.HK) intends to offer up to 186 million shares, raising approximately 1.256 billion Hong Kong dollars.

Wisdom Financial News APP, Jintai Feng International Holdings (09689.HK) announced that on July 16, 2026, the company plans to allocate up to 186 million new shares, equivalent to 20% of the company's existing issued share capital; and after the allocation and issuance of new shares, the company's issued share capital will be approximately 16.67%. The offer price for each share is HK$0.69. Assuming all allocated shares are fully subscribed, the total amount raised will be approximately HK$128.3 million, with an estimated net amount of around HK$125.6 million. The group plans to use 90% of the net proceeds from the offer to develop and enhance the group's trading capabilities in China, and approximately 10% for the group's general operating funds.