Pinestone Capital (HKG:804) has completed a rights issue on the basis of three rights shares for every two consolidated shares held, raising net proceeds of about HK$57.6 million, according to a Monday Hong Kong bourse filing.

Shares of the financial service provider were down over 1% in Tuesday morning trade.

All 36.5 million rights shares were fully subscribed or placed at HK$1.66 per share, the company said.

The proceeds will be used primarily for margin financing, money lending, virtual asset licensing, and general working capital.