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China Kingstone Mining Holdings Ltd ( (HK:1380) ) has provided an announcement.
China Kingstone Mining Holdings Ltd has completed a loan settlement through the issuance of new shares under a general mandate. This transaction, which involved the issuance of 14,202,112 new shares, has slightly altered the company’s shareholding structure, with the creditor now holding approximately 4.03% of the enlarged share capital. This move is part of the company’s strategic financial management to settle existing loans, potentially impacting its financial stability and shareholder value.
More about China Kingstone Mining Holdings Ltd
China Kingstone Mining Holdings Ltd is a company involved in the mining industry, focusing on the extraction and production of stone materials. The company operates primarily in the mining sector, providing resources that are essential for construction and other industrial applications.
Average Trading Volume: 8,320,118
Technical Sentiment Signal: Sell
Current Market Cap: HK$55.79M
For an in-depth examination of 1380 stock, go to TipRanks’ Overview page.