Pinestone Capital Expands Issued Share Base by 12.96% Through HK$5.22 Placement

Bulletin Express
09/01

Pinestone Capital Limited reported to Hong Kong Exchanges and Clearing Limited that it issued and allotted 7.89 million new ordinary shares at HK$5.22 per share on 25 August 2026, generating approximately HK$41.19 million in gross proceeds for the company. The transaction, approved by shareholders on 5 June 2026 and announced on 29 July and 25 August 2026, lifted the company’s issued share count from 60.91 million to 68.80 million—an increase of 12.96%.

Authorised share capital remains unchanged at 1.25 billion shares with a par value of HK$0.40, equivalent to HK$500 million. Following the placement, issued shares account for roughly 5.50% of the authorised limit, leaving the company with considerable headroom for future equity activities.

The filing confirms that no treasury shares were held or repurchased during the month and that Pinestone Capital has no outstanding share options, warrants, or convertible securities. The company also certified compliance with the Main Board’s minimum public-float requirement of 25%, indicating that sufficient shares remain in public hands after the issuance.

The monthly return was signed by Company Secretary Au Kin Kee and submitted on 1 September 2026.

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