Golden Finance reports that Hong Kong-listed company PineStone Capital (code 00804) has attracted much attention in the recent market dynamics. The company issued an announcement, declaring an important fundraising plan. It intends to raise up to approximately HK $60.7 million by issuing up to 36.546 million rights issue shares at a subscription price of HK $1.66 per rights issue share (before deducting expenses).
The announcement shows that in terms of share operation, the company first proposes to conduct a share consolidation based on the benchmark of combining every 20 existing shares in the issued and unissued share capital into one consolidated share. After the share consolidation takes effect, the above-mentioned rights issue plan will be carried out. Assuming that the rights issue is subscribed to in full, after deducting expenses, the net proceeds from the rights issue are estimated to be approximately HK $57.6 million (assuming that the total number of issued shares remains unchanged on or before the record date after taking into account the impact of the share combination).
It is worth noting that Dingshi Capital has a clear and diverse plan for the use of this fund. Among them, approximately 5.3 million Hong Kong dollars will be used for potential acquisitions of companies permitted to obtain virtual licenses under the Securities and Futures Ordinance, or for potential applications to conduct virtual asset (such as cryptocurrency) trading licenses. This move highlights Dingshi Capital’s intention to layout in the virtual asset field. With the continuous development of the global virtual asset market, holding the relevant license will help the company enter this emerging and highly potential market area, expand business boundaries, and enhance the company’s competitiveness in the fintech sector.
In addition to its layout in the virtual asset sector, Dingshi Capital also plans to invest approximately 35 million Hong Kong dollars in margin financing services, aiming to further deepen its traditional financial business segment, expand its market share in this field, enhance its financial service capabilities, and meet the market’s demand for financing services. Approximately 15 million Hong Kong dollars will be used for investment in lending services to enrich the company’s financial services product line and adapt to the market trend of diversified financial services. In addition, approximately HK $2.3 million will be used for the general working capital of the Group to ensure the smooth and orderly operation of the company’s daily operations and maintain good financial liquidity.
Dingshi Capital has already made some moves in business expansion. As early as November 22, 2024, the company entered into a joint venture agreement with Guanglian Network Technology Co., Ltd. to establish a joint venture company to build and operate digital asset business in the field of virtual real estate. The registered capital of the joint venture company is 25 million Hong Kong dollars, with Dingshi Capital contributing 10 million Hong Kong dollars and holding 40% of the equity. This proposed fundraising to enter the virtual asset trading license field is another significant move by it in the digital asset and emerging financial business directions.
From the perspective of market performance, as of 16:08 on June 11, 2025, the share price of Dingshi Capital was HK $0.137, down HK $0.003 from the previous day’s closing price, representing a decline of 2.14%. The trading volume on that day was 8.8818 million shares, with a trading value of HK $1.0738 million. The total market value amounts to 66.719 million Hong Kong dollars. The implementation of this share merger and rights issue plan may have a certain impact on the company’s stock price trend and market performance in the future. All market participants are also closely monitoring the specific progress of Dingshi Capital in the virtual asset field in the future and whether its diversified business layout can bring new growth points to the company’s performance.
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