HKG:1025

2 stories mentioning HKG:1025Updated 43d ago

Every FINWIRES story that references HKG:1025, newest first.

KNT Holdings Warns of Wider Full-Year Loss

KNT Holdings (HKG:1025) expects a loss of HK$44 million for the year ended March 31, compared with a loss of HK$23.8 million a year prior, according to a Wednesday Hong Kong bourse filing.The garment manufacturer attributed the forecast to a lower gross profit, higher administrative and selling and distribution expenses, a rise in impairment loss recognized related to trade receivables, and an increase in finance costs.The company's annual results are expected to be published on June 30.

HKG:1025

Asia45d ago

KNT Holdings to Raise HK$15 Million via Share Placement

KNT Holdings (HKG:1025) plans to raise about HK$15.3 million in net proceeds through a placing of new shares, according to a Monday Hong Kong bourse filing.The garment manufacturer agreed to place up to 80.9 million new shares at HK$0.20 each to no fewer than six independent investors on a best-efforts basis.The placing shares represent 20% of the company's existing issued share capital, while the placing price represents a 4.3% discount to the stock's last closing price.Net proceeds will be used for general working capital, including operating costs, staff expenses, rental payments, and other overheads.

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