CHI KINGSTONE Plans to Issue Approximately 15.88 Million Shares, Aiming for Net Proceeds of HK$8.9 Million

Deep News

Apr 27

CHI KINGSTONE (01380) has announced that on April 24, 2026, the company plans to allot and issue a total of 15.88 million subscription shares to five subscribers. The subscribers are Niu Jin Limited, Zeng Jingfeng, Sun Yijun, Zheng Yong, and Zhou Zicheng.

The issuance represents approximately 3.17% of the company's existing issued share capital as of the date of this announcement. Following the completion of the subscription, the new shares will account for about 3.07% of the enlarged issued share capital.

The subscription price has been set at HK$0.57 per share. The gross proceeds from the subscription are expected to be approximately HK$9.05 million. After deducting expenses, the estimated net proceeds are around HK$8.9 million.

The company intends to use the net proceeds for the group's general working capital purposes and for business development and expansion. This includes, but is not limited to, exploring potential precious metals opportunities and potential projects in Chile.

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