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China Kingstone Mining Holdings Ltd ( (HK:1380) ) has provided an announcement.
China Kingstone Mining Holdings Limited has entered into agreements with six subscribers to issue 95,505,619 new shares at HK$0.178 each, raising a total of HK$17 million. This issuance, subject to shareholder approval, represents a significant increase in the company’s share capital and aims to enhance its financial position. The move is expected to impact the company’s operations by potentially increasing liquidity and market presence, although the completion of these subscriptions is contingent upon meeting specific conditions.
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 in the mining industry, focusing on the extraction and sale of marble and other stone products.
Average Trading Volume: 5,031,677
Technical Sentiment Signal: Hold
Current Market Cap: HK$64.43M
See more data about 1380 stock on TipRanks’ Stock Analysis page.