China Kingstone Mining Issues 40 Million Settlement Shares

MT Newswires Live
2024-11-13

China Kingstone Mining (HKG:1380) has completed the allotment and issue of 40 million new shares to AOF I at HK$0.20 apiece, a Wednesday bourse filing said.

The shares were issued to settle a dispute between the parties regarding the conversion rights attached to certain bonds issued by the company.

Shares of the marble stone miner closed over 6% higher on Wednesday.

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