Cornerstone Technologies Holdings Ltd. Announces Private Placement of New Shares Under General Mandate
Cornerstone Technologies Holdings Ltd. has announced a private placement of new shares under a general mandate. The company has entered into a placing agreement with VBG Capital Limited as the placing agent, who will place up to 127,000,000 new shares on a best effort basis to not fewer than six independent investors, including individual, institutional, or professional investors. The company stated that none of the placees are expected to become substantial shareholders as a result of the placement. The completion of the transaction is subject to the fulfillment of certain conditions precedent, and shareholders and potential investors are advised to exercise caution when dealing in the company's shares.
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