TechFlow, July 2 — According to Zhitong Caijing, Kingkey Financial International (01468) announced that on June 30, 2025 (after trading hours), the company entered into a subscription agreement with the issuer, Amber International Holding Limited, under which the issuer agreed to issue, and the company agreed to subscribe for, the subscribed shares at a cost of approximately USD 12 million. Based on public information, the financing price was set at USD 10.45 per ADS (American Depositary Share), representing a 5% discount to the volume-weighted average price of Amber International's ADS over the three trading days from June 25 to June 27, 2025, which stood at USD 11.00. Each ADS represents five Class A ordinary shares, meaning the price per subscribed Class A ordinary share is USD 2.09.
The announcement stated that the subscription constitutes a strategic financial investment aligned with the group's recent plans, including the prior establishment of an investment committee to oversee opportunities in digital assets. The investment is expected to diversify the company's portfolio and provide exposure to institutional cryptocurrency services, consistent with its earlier voluntary announcements regarding exploration of digital asset opportunities.
