Summary by Moomoo AI
Chi Kingstone Mining Holdings Limited (Stock Code: 1380) announced that, according to the announcement on November 11, 2024, the company has completed the subscription for new shares after the trading session on November 13, 2024. The company has allocated and issued 40,000,000 shares of settlement shares to AOF I, accounting for approximately 15.69% of the enlarged issued share capital. The total amount raised from this new share issuance is HK$8,000,000, and the net amount after deducting relevant professional fees and expenses is approximately HK$7,800,000. The purpose of issuing new shares is to serve as the comprehensive and final settlement amount with AOF I, resolving all litigation and claims arising from the amendment of the subscription agreement. After this issuance, AOF I will hold 15.69% of the company's shares, while the shareholding proportion of other shareholders (excluding AOF I) will be adjusted to 84.31%.
