KINGKEY FIN INT (01468) shareholders transferred 83.79 million Hong Kong dollars worth of stock from Kingkey Securities Group to the Hong Kong Stock Connect (Shanghai) with a share of 10.38%.

According to the latest data from the Hong Kong Stock Exchange, on February 24, the shareholder of KINGKEY FIN INT (01468) transferred 83.7914 million market value of stocks from Kingkey Securities Group to the Stock Connect (SH), accounting for 10.38%. On September 20, 2024, the shareholder of KINGKEY FIN INT placed stocks into Kingkey Securities Group, with a market value of 80.2367 million Hong Kong dollars, accounting for 19.92%. Today, KINGKEY FIN INT surged more than 3%, as of 9:50 am, up 3.26% at 0.475 Hong Kong dollars, with a turnover of 27.189 million Hong Kong dollars. In terms of news, KINGKEY FIN INT issued an announcement on February 19, 2025, stating that the Company has entered into a non-binding memorandum of understanding (MOU) with Ideal Capital Berhad (together with "Ideal Group") through its indirectly non-wholly owned subsidiary MUJUR SINARJAYA SDN BHD (MUJUR) and WRISE Group. The MOU outlines the possible cooperation between the Company, MUJUR, and WRISE Group, aimed at exploring business opportunities through financing and implementation of Malaysia's green energy projects (potential cooperation). The Company is currently exploring cooperation opportunities in the renewable energy sector with MUJUR and WRISE Group. Part of Ideal Group's property development business specializes in the acquisition and sale of industrial land in Malaysia, including the Penang Tech Park. The parties intend to leverage their respective strengths in financial services and Malaysian property development to establish a potential joint venture company. This joint venture company will focus on financing and developing Penang Tech Park's green energy projects and artificial intelligence infrastructure, including natural gas power plants, CECEP Solar Energy power stations, and waste-to-energy facilities. The directors believe that this will enhance the parties' ability to jointly promote sustainable energy solutions in the region.