Pinestone Capital Ltd ( (HK:0804) ) just unveiled an update.
Pinestone Capital Limited has announced the suspension of duties and powers of its non-executive director and co-chairman, Mr. Shi Zhu, due to a potential breach of regulatory requirements. This action follows the discovery that Capital Realm Financial Holdings Group Limited, a borrower of financial assistance from Pinestone, has become a substantial shareholder in the company, which should have been classified as a connected transaction under the Listing Rules. In response, Pinestone has demanded repayment from the borrower and initiated an independent investigation into the incident and potential breach.
More about Pinestone Capital Ltd
Pinestone Capital Limited is a company incorporated in the Cayman Islands, operating within the financial services industry. The company is listed on the Stock Exchange of Hong Kong and is involved in providing financial assistance and related services.
YTD Price Performance: -10.91%
Average Trading Volume: 1,738,514
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$95.02M
See more data about 0804 stock on TipRanks’ Stock Analysis page.