China Kingstone Mining Holdings Ltd (HK:1380) has released an update.
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China Kingstone Mining Holdings Ltd has announced a settlement with AOF I, involving the issuance of 40 million new shares at HK$0.20 each, which is a significant premium over recent trading prices. This share issue will account for approximately 15.69% of the company’s enlarged share capital. The settlement marks a strategic move to resolve a dispute and is contingent on regulatory approvals.
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