Pinestone Capital Issues 7.89 Million New Shares via Placement, Expanding Share Capital by 11.47%

Bulletin Express
08/25

Pinestone Capital Limited (PINESTONE) disclosed a material change in share capital following the completion of a share placement on 25 August 2026.

The company allotted and issued 7.89 million new ordinary shares at HKD 5.22 per share under the placing agreement dated 29 July 2026. Prior to the transaction, Pinestone had 60.91 million issued shares; the new issuance represents an 11.47% increase, lifting the total share count to 68.80 million.

Based on the disclosed placing price, the transaction implies gross proceeds of approximately HKD 41.19 million.

Pinestone confirmed that the placement was duly authorised by its board and executed in full compliance with the Hong Kong Stock Exchange Listing Rules and relevant legal requirements.

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