Kiu Hung Energy Holdings, formerly known as Kiu Hung International Holdings, intends to acquire a 19.99% stake in First Dean Holding, a coal firm based in Mongolia, for HKD1.4 billion. The Hong Kong-listed firm will pay HKD3.58 million in cash and will pay another HKD209.2 million by issuing 523 million new shares at a price 33.3% more than its closing price before shares were suspended from trading. The new shares will account for 10% of the enlarged capital. The remaining HKD1.22 billion will be paid by issuing two batches of convertible bonds.