Golden Finance News: PineStone Capital, a listed company on the Hong Kong Stock Exchange, recently issued an announcement disclosing its latest financing and business expansion plans. The announcement shows that the company plans to raise funds by issuing rights issue shares, with a planned issuance of up to 36.546 million rights issue shares. If the rights issue is successfully completed, it is expected to raise up to approximately 60.7 million Hong Kong dollars.
After deducting the relevant expenses, the net proceeds from this rights issue are estimated to be approximately HK $57.6 million. Among them, approximately 5.3 million Hong Kong dollars will be specifically used for potential acquisitions of companies that are permitted to hold virtual licenses under the Securities and Futures Ordinance, or for potential applications for licenses to conduct virtual asset (such as cryptocurrency) trading. This move demonstrates Dingshi Capital’s attention and ambition in the virtual asset trading field, hoping to secure a place in the virtual asset trading market by obtaining the relevant licenses.
In recent years, the virtual asset trading market has developed rapidly, attracting many enterprises to set up operations. The fundraising and acquisition plan of Dingshi Capital this time not only concerns the diversified development of its own business, but also has drawn widespread attention from the market to its future development prospects in the field of virtual asset trading. Subsequently, whether Dingshi Capital can successfully complete its fundraising and acquisition plans and how it will conduct business in the virtual asset trading field are all awaited by all market participants.
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