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China Kingstone Mining Holdings Ltd ( (HK:1380) ) has issued an update.
China Kingstone Mining Holdings Ltd has announced a proposed issuance of new shares under a general mandate. The company has entered into a Subscription Agreement to issue 19,137,888 new shares at a price of HK$0.185 per share, representing a premium over recent trading prices. The issuance will increase the company’s share capital by approximately 4.91% and is expected to raise gross proceeds of HK$3,540,000, which will be used as outlined in the company’s strategic plans. The completion of this subscription is contingent upon fulfilling certain conditions, and investors are advised to exercise caution.
More about China Kingstone Mining Holdings Ltd
China Kingstone Mining Holdings Ltd is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates in the mining industry, focusing on the extraction and processing of natural resources.
Average Trading Volume: 2,841,019
Technical Sentiment Signal: Hold
Current Market Cap: HK$63.69M
Learn more about 1380 stock on TipRanks’ Stock Analysis page.