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Pinestone Capital Ltd ( (HK:0804) ) has issued an update.
Pinestone Capital Limited has announced an extraordinary general meeting to discuss and potentially approve a share consolidation and rights issue. The proposed share consolidation will convert every twenty existing shares into one consolidated share, while the rights issue aims to issue new shares to existing shareholders at a set subscription price. This move is intended to streamline the company’s share structure and raise additional capital, potentially impacting its market positioning and offering new opportunities for stakeholders.
More about Pinestone Capital Ltd
Pinestone Capital Limited is a company incorporated in the Cayman Islands, operating in the financial sector. It is listed on the Stock Exchange of Hong Kong and focuses on capital management and securities services.
Average Trading Volume: 4,861,450
Technical Sentiment Signal: Hold
Current Market Cap: HK$108.7M
For an in-depth examination of 0804 stock, go to TipRanks’ Overview page.