HK Stock Market Move | Jingkong Financial International (01468) rose more than 7% due to the reduction of 8.24 billion shares through a "10 for 1" stock consolidation. A total of 183 million shares has been completed for placement.

China Jing An Finance International (01468) rose over 7%, as of press time, up 7.06% to HK$0.455, with a turnover of HK$34.8436 million. On the news front, China Jing An Finance International announced that all the preconditions stipulated in the placement agreement have been met, and the placement was completed on September 23, 2024, in accordance with the terms and conditions of the placement agreement. A total of 183 million placement shares (accounting for approximately 16.67% of the issued share capital immediately following the completion of this announcement) were successfully placed at a placement price of HK$0.41 per share to no less than six placees. The net proceeds from the placement, after deducting all related expenses, are approximately HK$74.12 million. Furthermore, China Jing An Finance International announced the reduction of 8.24 billion shares due to a "10-for-1" share consolidation.