China Kingstone Mining Holdings Ltd (HK:1380) has released an update.
China Kingstone Mining Holdings Ltd has completed the issuance of 40 million new shares to AOF I, raising approximately HK$7.8 million in net proceeds. This strategic move represents 15.69% of the company’s enlarged share capital and serves to settle previous claims under an amended agreement. The transaction aims to strengthen the company’s financial position and resolve outstanding obligations.
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