CHI KINGSTONE Mining Holdings Limited announced that it intends to issue one subscription share for every two existing shares held, at a subscription price of HKD 0.20 per share. Assuming all eligible shareholders subscribe in full, up to 132,434,800 subscription shares could be issued, raising approximately HKD 26.5 million.The subscription will be conducted on a non-underwritten basis and is only open to eligible shareholders. The estimated net proceeds are approximately HKD 25 million, of which around HKD 17 million is intended for general working capital of the group, and around HKD 7 million is for investing in potential opportunities. The company has appointed KGI Securities Asia Limited as the placing agent to place any unsubscribed subscription shares on a best-efforts basis.The subscription...Show More

CHI KINGSTONE Mining Holdings Limited announced that it intends to issue one subscription share for every two existing shares held, at a subscription price of HKD 0.20 per share. Assuming all eligible shareholders subscribe in full, up to 132,434,800 subscription shares could be issued, raising approximately HKD 26.5 million.The subscription will be conducted on a non-underwritten basis and is only open to eligible shareholders. The estimated net proceeds are approximately HKD 25 million, of which around HKD 17 million is intended for general working capital of the group, and around HKD 7 million is for investing in potential opportunities. The company has appointed KGI Securities Asia Limited as the placing agent to place any unsubscribed subscription shares on a best-efforts basis.The subscription is subject to the fulfillment of several conditions, including the approval of the Listing Committee of the Stock Exchange for the listing and trading of the subscription shares. The subscription is expected to be completed in February 2025. The Board of Directors believes that the subscription represents a good opportunity for the company to expand its new business and broaden its revenue base, while also giving eligible shareholders the opportunity to maintain their shareholding percentage in the company.