KNT Holdings taps market again for HK$7.57M in fresh share placing
What's the deal? KNT HoldingsDealroom has a profile for this one. Try Dealroom →, a Hong Kong-listed company (stock code 1025), is placing up to 37,873,488 new shares at HK$0.20 each to raise gross proceeds of about HK$7.57 million (roughly $965,453). Net proceeds land at approximately HK$7.25 million after commission and fees.
How it's structured: The company signed a placing agreement on September 1, 2026, with Grand China SecuritiesDealroom has a profile for this one. Try Dealroom → acting as agent on a best-effort basis. Shares will go to at least six independent placees, who will hold about 7.81% of the enlarged share capital once complete.
The pricing: At HK$0.20, the placing price matches the closing price on the agreement date and sits at a 0.50% premium to the five-day average of HK$0.199. The net price per share works out to about HK$0.191.
Why now? KNT says it recorded a loss for the year and was in a net current liabilities position, with a rising gearing ratio. It points to prolonged US-China trade tensions, tariffs, and a downturn in its principal markets, where most revenue comes from US-based customers.
What's the money for? All proceeds go to general working capital — operational costs, staff, rent, professional fees, and overheads. The board framed the placing as a chance to strengthen the group's financial position and support ongoing operations.
What could go wrong? Completion depends on the Stock Exchange approving the listing by noon on September 22, 2026. The agent can also walk away over force majeure events or a share suspension lasting more than seven trading days.
The signal: Using its general mandate lets KNT raise cash fast, without the delay and expense of a shareholder vote. But tapping the market at par value for basic working capital — while diluting chairman Chong Sik's stake — underlines how much pressure the company's balance sheet is under.
Read more: minichart.com.sg
Image credit: Ray Devlin
