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China Kingstone Mining Holdings Ltd ( (HK:1380) ) just unveiled an update.
China Kingstone Mining Holdings Limited has announced a proposed issue of new shares under a general mandate. The company has entered into a Subscription Agreement to issue 18,000,000 new shares at a price of HK$0.138 per share, representing a discount from the current market price. The proceeds from this issuance are expected to be approximately HK$2,419,000 after expenses, which the company intends to use for purposes outlined in their announcement. This move is expected to slightly dilute the company’s share capital but aims to provide additional funds for its operations.
More about China Kingstone Mining Holdings Ltd
China Kingstone Mining Holdings Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates within the mining industry, focusing on the extraction and production of stone materials.
Average Trading Volume: 4,936,737
Technical Sentiment Signal: Hold
Current Market Cap: HK$60.95M
See more data about 1380 stock on TipRanks’ Stock Analysis page.