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An update from Pinestone Capital Ltd ( (HK:0804) ) is now available.
Pinestone Capital Ltd has announced key findings from an independent investigation concerning a loan agreement with Capital Realm Financial Holdings Group Limited, which has become a substantial shareholder of the company. The investigation revealed that the loan should have been classified as a connected transaction under the Listing Rules, leading to the suspension of duties for Mr. Shi Zhu, a former non-executive Director. The company has demanded full repayment of the loan and established an independent investigation committee to address the incident and potential regulatory breaches.
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 Ltd is a financial services company incorporated in the Cayman Islands. It operates in the financial industry, providing financial assistance and investment services, with a focus on loans and capital management.
Average Trading Volume: 113,002
Technical Sentiment Signal: Hold
Current Market Cap: HK$268M
See more insights into 0804 stock on TipRanks’ Stock Analysis page.