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Pinestone Capital Ltd ( (HK:0804) ) has provided an announcement.
Pinestone Capital Ltd has announced a proposed share consolidation and rights issue to raise approximately HK$60.7 million. The share consolidation will consolidate every twenty existing shares into one consolidated share, while the rights issue will offer three rights shares for every two consolidated shares held. The proceeds from the rights issue are intended for investments in virtual asset dealings, margin financing, money lending services, and general working capital, potentially impacting the company’s operational capabilities and market positioning.
More about Pinestone Capital Ltd
Pinestone Capital Ltd is a company incorporated in the Cayman Islands, operating within the financial services industry. The company is involved in providing margin financing and money lending services, and it is exploring opportunities in the virtual asset sector, including cryptocurrency.
Average Trading Volume: 4,921,460
Technical Sentiment Signal: Sell
Current Market Cap: HK$68.22M
See more insights into 0804 stock on TipRanks’ Stock Analysis page.