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An announcement from China Kingstone Mining Holdings Ltd ( (HK:1380) ) is now available.
China Kingstone Mining Holdings Ltd announced a Loan Capitalisation Agreement with a creditor, where a loan of HK$2.355 million and accrued interest will be settled by issuing 14,202,112 new shares at HK$0.170 each. This move, representing about 4.03% of the company’s enlarged share capital, aims to strengthen the company’s financial position by converting debt into equity, potentially impacting its market positioning and shareholder value.
More about China Kingstone Mining Holdings Ltd
China Kingstone Mining Holdings Ltd is a company involved in the mining industry, primarily focusing on the extraction and processing of marble and other stone materials. The company operates within the Asian market, with a particular emphasis on the Chinese market.
Average Trading Volume: 8,065,453
Technical Sentiment Signal: Hold
Current Market Cap: HK$66.94M
For an in-depth examination of 1380 stock, go to TipRanks’ Overview page.