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Pinestone Capital Ltd ( (HK:0804) ) just unveiled an announcement.
Pinestone Capital Ltd announced the results of its Rights Issue, revealing that approximately 57.6% of the offered Rights Shares were subscribed through valid applications. The company has arranged to place the remaining unsubscribed shares to potential buyers, with any net gain from this placement to be distributed among certain shareholders. The Rights Issue is proceeding on a non-underwritten basis, and any shares not placed will result in a reduced issue size, impacting the company’s capital raising efforts.
More about Pinestone Capital Ltd
Pinestone Capital Ltd is a company incorporated in the Cayman Islands, operating within the financial services industry. It is listed on the Stock Exchange of Hong Kong and engages in capital market activities, focusing on securities and related financial products.
Average Trading Volume: 118,010
Technical Sentiment Signal: Hold
Current Market Cap: HK$173.6M
See more data about 0804 stock on TipRanks’ Stock Analysis page.