China Kingstone Mining Announces Rights Issue Plan

China Kingstone Mining Holdings Ltd (HK:1380) has released an update.

China Kingstone Mining Holdings Ltd plans a rights issue to raise up to HK$21.2 million by offering two new shares for every five existing ones. The proceeds will be used for general working capital and potential investments, with unsubscribed shares being placed to independent investors. This move aims to bolster the company’s financial flexibility and growth potential.

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