According to Foresight News, Hong Kong-based fintech company K Cash has announced its plans to go public on the Hong Kong Stock Exchange (HKEX) main board. The company aims to raise up to HKD 2.818 billion by issuing 125 million shares on November 27. K Cash will be the first company to use the HKEX's new stock settlement platform, FINI, for its listing.
In addition, K Cash's Chairman and CEO, Li Gentai, revealed that the company has entered into a partnership agreement with River Square, a wholly-owned subsidiary of New World. K Cash plans to join River Square's blockchain platform, Riverchain, and aims to launch it by the end of this year.