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Pinestone Capital Ltd ( (HK:0804) ) has provided an announcement.
Pinestone Capital Limited successfully completed a Rights Issue, raising approximately HK$60.7 million in gross proceeds. The company plans to allocate the net proceeds of around HK$57.6 million towards applying for a virtual asset license, enhancing its margin financing and money lending services, and improving general working capital. The Rights Issue and subsequent placing were fully subscribed, indicating strong market interest and support for the company’s financial strategies.
The most recent analyst rating on (HK:0804) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Pinestone Capital Ltd stock, see the HK:0804 Stock Forecast page.
More about Pinestone Capital Ltd
Pinestone Capital Limited is a company incorporated in the Cayman Islands, primarily involved in the financial services industry. The company focuses on providing margin financing and money lending services, with a market interest in expanding its capabilities to deal with virtual assets.
Average Trading Volume: 114,645
Technical Sentiment Signal: Hold
Current Market Cap: HK$253.4M
For a thorough assessment of 0804 stock, go to TipRanks’ Stock Analysis page.