China Kingstone Mining Faces Under-Subscription in Rights Issue

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

China Kingstone Mining Holdings Ltd announced the results of its recent Rights Issue, which was significantly under-subscribed, with only 2.59% of the offered shares being taken up. The company has arranged to offer the unsubscribed shares to independent placees, with any net gain from the sale distributed to certain shareholders on a pro-rata basis, highlighting a strategic move to manage shareholder interests and financial structure amidst under-subscription challenges.

More about China Kingstone Mining Holdings Ltd

China Kingstone Mining Holdings Ltd is a company incorporated in the Cayman Islands and continued in Bermuda, primarily focused on the mining industry. The company is listed on the Hong Kong Stock Exchange and deals with mining operations and related services.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €5.04M

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