Summary by Moomoo AI
CHI KINGSTONE Mining Holdings Limited announced that it intends to offer 2 new shares for every 5 existing shares held, at a subscription price of HKD 0.20 per share. Assuming all eligible Shareholders subscribe fully, a maximum of 105,947,840 new shares may be issued, raising approximately HKD 21.2 million.The estimated net proceeds from the rights issue are expected to be around HKD 19.7 million, of which approximately HKD 13.4 million is intended for general working capital and about HKD 5.5 million for investment in potential opportunities, including the possible acquisition of mining rights in southern Chile. The rights issue will be conducted on a non-underwritten basis, with no minimum fundraising amount. Any unsubscribed shares will be allocated to independent subscribers by the placing agent on a...Show More