HK Stock Market Move | KINGKEY FIN INT (01468) once dropped more than 38% to hit a new low, and the company was excluded from the Stock Connect list.

KINGKEY FIN INT (01468) fell over 38% in early trading, hitting a low of 0.23 Hong Kong dollars to create a new historical low. At the time of writing, it is down 33.33% at 0.25 Hong Kong dollars with a trading volume of 28.5386 million Hong Kong dollars. On the news front, according to announcements from the Shanghai Stock Exchange and Shenzhen Stock Exchange, KINGKEY FIN INT has been removed from the list of Hong Kong Stock Connect, which will take effect today. In addition, on the evening of March 6, KINGKEY FIN INT announced that it has signed a memorandum of understanding with Nobias Media Sarl to potentially acquire 100% stake in Jakota Capital to expand international business resources and market penetration. Jakota Capital focuses on capital markets in Japan, South Korea, and Taiwan and operates in the investment services business.