CHI KINGSTONE Completes Share Placement, Raising HK$8.9 Million Net

Stock News

May 28

CHI KINGSTONE (01380) announced the completion of its subscription agreement on May 28, 2026. The company has allotted and issued a total of 15,880,700 subscription shares to the subscribers at a price of HK$0.57 per share. This issuance represents approximately 3.07% of the company's enlarged issued share capital following the allotment.

The gross proceeds from the subscription amounted to approximately HK$9.05 million, with net proceeds, after deducting related expenses, totaling HK$8.9 million. The net subscription price, after all related costs, was approximately HK$0.56 per share.

The company intends to allocate the net proceeds from the subscription as follows: approximately HK$7.12 million will be used for the group's general working capital requirements, and about HK$1.78 million will be allocated for business development and expansion. This includes exploring potential precious metal opportunities and potential projects in Chile.

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